12/12/2010

2010 insider purchases by Officers: Very Small Company Value

For this weekend’s post these companies meet several metrics that may make it worth a closer look.

EV/Price <1.60, Inside ownership >15%, Short as a % of Float < 1%, EV/Revenue <1.50, FCF/EV >5%, Enterprise value < 65 million and insider company officer buys during 2010

MAPC: MOD-PAC CORP


MPAC Current Price $4.85: CEO purchased 9,302 @2.15, VP Sales 9,302 @ 2.15, COO also purchased 9,302 shares at 2.15;

Enterprise value = 18.6 million
Market Cap = 16.38 million

The stock has moved but still may represents potential strong value with the following metrics

SGA/Rev = .1461
EV/Revenue = .38
Debt reduced from 2007
YOY quarterly revenue growth was -1.60%
Industry = Packaging & Containers
GP/MC = 51%
OI/EV = 12.96%
EBITDA/EV = 27.17%
Per share Cash + AR – Total Liabilities = 1.02
Stable outstanding share count over the past few years


HH Hooper Holmes Inc.


Price = .74
Cash + AR –Total Liabilities = .33
PPE is comprised of an interesting real estate holding for a small company

“Five building complex located at 170 Mt. Airy Road, Basking Ridge, New Jersey approximately 45 miles southwest of New York City. Of approximately 53,000 total square feet of office space, we maintain our operations in approximately 45,000 square feet and the balance is leased or available for lease to several tenants.”

Market Cap = 51.50 million
Enterprise value = 48.1 million
EV/Revenue = .28
SGA/Revenue = .26
GP/EV = .92
EBITDA/EV = 10.14%

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