9/17/2011

Micro Cap Value with annual improving financials and negative one year price returns

My focus covered the time period 2008/2007 up to the current period. Only companies reducing debt, buying back shares, increasing their cash balance and having a one year drop in their stock price.

Click for quotes on the stocks below


VSNT: Versant Corporation

Current price = 11.60

Average FCF from 2008 to the TTM/Current Enterprise value =56.65%
Average ROIC 2008 to the TTM = 13.78%
Total liabilities reduced from 2008 compared to the TTM
Positive net insider buying
YOY quarterly sales increase of 22.80%
Share buybacks 2007 to 2010

Prior mention of VSNT:

Market Cap: 34.25M
Enterprise Value: 10.44M
Enterprise Value/Revenue: 0.63
Enterprise Value/EBITDA: 5.04
Revenue: 16.67M
Qtrly Revenue Growth (yoy): 22.80%
Gross Profit (ttm): 13.65M
Total Cash: 23.14M
Total Cash Per Share: 7.84
Current Ratio: 6.01
Book Value Per Share: 10.93
52-Week Change: -2.85%52-Week High (Jan 28, 2011)3: 14.22
52-Week Low (Aug 24, 2011)3: 9.96
50-Day Moving Average: 10.90
200-Day Moving Average: 12.33
Shares Outstanding: 2.95M
Float: 2.32M
% Held by Insiders: 9.32%
% Held by Institutions: 27.50%


AIRT: Air T, Inc
Current  Price = 7.71

Prior Mention of AIRT

Average FCF from 2008 to the TTM/Current Enterprise value =19.39%
Average ROIC 2008 to the TTM = 13.46%
Total liabilities reduced from 2008 compared to the TTM
Slight positive net insider buying
YOY quarterly sales increase of 10.20%
Share buybacks 2007 to 2010

Market Cap: 18.86M
Enterprise Value: 12.30M
Trailing P/E: 9.38
Price/Book (mrq): 0.73
Enterprise Value/Revenue: 0.14
Enterprise Value/EBITDA: 3.52
Revenue: 84.90M
Qtrly Revenue Growth: 10.20%
Gross Profit: 14.29M
EBITDA: 3.50M
Total Cash: 6.66M
Total Cash Per Share: 2.72
Current Ratio (mrq): 4.99
Book Value Per Share (mrq): 10.60
52-Week Change: -14.05%
52-Week High(Jan 14, 2011)3: 10.50
52-Week Low(Aug 5, 2011)3: 5.78
50-Day Moving Average3: 7.98
200-Day Moving Average3: 9.00
Shares Outstanding5: 2.45M
Float: 2.33M
% Held by Insiders1: 4.87%
% Held by Institutions1: 25.50%

UTMD: Utah Medical Products Inc
Current Price = 26.05

Average FCF from 2008 to the TTM/Current Enterprise value =5.79%
Average ROIC 2008 to the TTM = 15.41%
Total liabilities reduced from 2008 compared to the TTM
Slight positive net insider buying
YOY quarterly sales increase of 65.30%
Share buybacks 2007 to 2010

Market Cap: 94.67M
Enterprise Value: 114.97M
Trailing P/E: 14.95
Price/Book: 2.38
Enterprise Value/Revenue: 3.89
Enterprise Value/EBITDA: 9.92
Revenue: 29.58M
Qtrly Revenue Growth (yoy): 65.30%
Gross Profit (ttm): 13.21M
EBITDA: 11.59M
Total Cash (mrq): 6.35M
Total Cash Per Share: 1.75
Current Ratio (mrq): 1.71
Book Value Per Share: 11.00
52-Week Change: -6.29%
52-Week High (Oct 7, 2010)3: 30.46
52-Week Low (Jul 21, 2011)3: 24.52
50-Day Moving Average3: 26.01
200-Day Moving Average3: 26.93
Shares Outstanding5: 3.63M
Float: 3.25M
% Held by Insiders1: 15.18%
% Held by Institutions1: 52.90%

BDR: Blonder Tongue Laboratories, In  
Current Price = 1.22

Average FCF from 2008 to the TTM/Current Enterprise value =3.08%
Average ROIC 2008 to the TTM = 2.35%
Total liabilities reduced from 2008 compared to the TTM
positive net insider buying
YOY quarterly sales decrease of -12.08%
Share buybacks 2007 to 2010

Market Cap: 7.58M
Enterprise Value: 9.52M
Trailing P/E: 8.97
Price/Book (mrq): 0.35
Enterprise Value/Revenue: 0.32
Enterprise Value/EBITDA: 4.62
Revenue: 29.85M
Qtrly Revenue Growth (yoy): -12.80%
Gross Profit: 12.26M
EBITDA: 2.06M
Total Cash: 1.46M
Total Cash Per Share: 0.24
Current Ratio (mrq): 6.02
Book Value Per Share: 3.53
52-Week Change: -38.69%
52-Week High (Nov 4, 2010)3: 2.84
52-Week Low (Aug 29, 2011)3: 1.12
Shares Outstanding5: 6.21M
Float: 3.62M
% Held by Insiders: 41.58%
% Held by Institutions: 11.10%

QUAD: Quad/Graphics, Inc.
Current Price = 21.07

Average FCF from 2008 to the TTM/Current Enterprise value =3.64%
Average ROIC 2008 to the TTM = 0%
Total liabilities reduced from 2008 compared to the TTM
positive net insider buying
YOY quarterly sales increase of  171%
Share buybacks 2007 to 2010

Market Cap: 996.38M
Enterprise Value: 2.60B
Price/Sales: 0.21
Price/Book: 0.68
Enterprise Value/Revenue: 0.55
Enterprise Value/EBITDA: 4.08
Revenue (ttm): 4.77B
Revenue Per Share (ttm): 101.20
Qtrly Revenue Growth (yoy): 171.50%
Gross Profit): 810.20M
EBITDA (ttm): 637.90M
Total Cash (mrq): 16.60M
Total Cash Per Share: 0.35
Current Ratio: 1.46
Book Value Per Share: 31.33
52-Week Change: -56.29%
52-Week High (Sep 24, 2010)3: 49.11
52-Week Low (Sep 6, 2011)3: 17.68
Shares Outstanding5: 47.29M
Float: 22.75M
% Held by Insiders1: 20.20%
% Held by Institutions1: 46.10% 

RIMG: Rimage Corp

Current Price = 14.02

Average FCF from 2008 to the TTM/Current Enterprise value =234%
Average ROIC 2008 to the TTM = 7.12%
Total liabilities reduced from 2008 compared to the TTM
positive net insider buying
YOY quarterly sales decrease of -9.5%
Share buybacks 2007 to 2010

Market Cap: 132.77M
Enterprise Value: 13.69M
Trailing P/E (ttm, intraday): 17.75
Price/Book (mrq): 1.01
Enterprise Value/Revenue: 0.15
Enterprise Value/EBITDA: 0.99
Revenue: 89.71M
Qtrly Revenue Growth: -9.50%
Gross Profit: 43.51M
EBITDA: 13.83M
Total Cash (mrq): 119.08M
Total Cash Per Share: 12.57
Current Ratio: 7.94
Book Value Per Share: 13.62
52-Week Change: -9.26%
52-Week High (Oct 19, 2010)3: 18.25
52-Week Low (Sep 6, 2011)3: 12.63
50-Day Moving Average3: 13.70
200-Day Moving Average3: 14.42
Shares Outstanding5: 9.47M
Float: 9.32M
% Held by Insiders1: 1.36%
% Held by Institutions1: 77.40%

SRDX:  SurModics Inc.
Current Price = 10.37

Average FCF from 2008 to the TTM/Current Enterprise value =6.36%
Average ROIC 2008 to the TTM = 2.22%
Total liabilities reduced from 2008 compared to the TTM
positive net insider buying
Share buybacks 2007 to 2010

Market Cap: 181.72M
Enterprise Value: 147.38M
Price/Sales: 2.66
Price/Book: 1.11
Enterprise Value/Revenue: 2.23
Enterprise Value/EBITDA: 11.45
Revenue: 66.18M
Revenue Per Share: 3.80
Qtrly Revenue Growth: -3.40%
Gross Profit: 60.47M
EBITDA: 12.87M
Total Cash: 34.35M
Total Cash Per Share: 1.96
Current Ratio: 6.73
Book Value Per Share: 9.01
52-Week Change: -5.12%
S&P500 52-Week Change3: 8.03%
52-Week High (May 16, 2011)3: 15.50
52-Week Low (Nov 16, 2010)3: 8.29
50-Day Moving Average3: 10.37
Shares Outstanding: 17.52M
Float: 12.91M
% Held by Insiders1: 17.26%
% Held by Institutions1: 54.70%
                   

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