ISIG:
Insignia Systems Inc. listed on the OTCBB
Quick Ratio = 4.99
Historical low valuations
Current Price = 1.93
Cash per share = 1.45, Book value = 1.94
The current quarter was profitable as managment promised versus losses for multiple previous quarterly results.
Market Cap :26.25M,Enterprise Value:7.29M
52 week return was -13%
The current market price may be approaching less than liquidation value
Needs more wor
“Insignia Systems,
Inc. markets, sells and supports in-store advertising and promotional products,
programs and services designed to provide retailers and consumer goods
manufacturers with highly effective in-store programs and point-of-purchase
display materials.”
ISIG was able to dramatically
reduced payroll costs to reach profitability.
Current share count is 13,602,000
versus prior year at 15,121,000 . This was an impressive aggressive 10.01% share
count reduction.
Outstanding balance sheetQuick Ratio = 4.99
Historical low valuations
Current Price = 1.93
Cash per share = 1.45, Book value = 1.94
The current quarter was profitable as managment promised versus losses for multiple previous quarterly results.
Market Cap :26.25M,Enterprise Value:7.29M
52 week return was -13%
The current market price may be approaching less than liquidation value
Needs more wor
DAIO:
Data I/O Corp. (DAIO)
Data I/O
Corporation founded in 1969 creates programming solutions for semiconductor
devices.
DAIO has a history
of treating shareholders fairly.
2008
diluted shares outstanding were 9,053,000. It now stands at 7,870,000.
Two
actions I found particularly interesting was aggressive positive insider
activity and share buybacks during 2012. Note that insider purchases were at significantly
higher prices from today’s close of 1.59. Some open market purchases were at
2.79.
To
put the share buybacks in context recognize the average share price was 5.30
from 06/30/11 to 12/30/10.Then for the one quarterly
period ending 06/30/12 they reduced the share count by 11.86%. The average
share price during this 3 month period was 2.92. The immediate quarterly period
before ending 03/31/12 share count was reduced by 5.80% when the average price
during this 3 month period was 3.47.
No
long term debt.
Market Cap:13.61M,Enterprise Value :
2.50M
Price/Book :0.75, Enterprise
Value/Revenue :0.13
Cash per share = 1.42 or 11.92M in cash
Qtrly Revenue Growth (yoy): -38.90%
Slow down in sales was due to over
capacity but in time that should be fixed. Management changes and a
history of responsibly managed could help this deep value idea. Super Nano Cap
Value investor Lloyd Miller holds a position.
PTSI:
P.A.M. Transportation Services, Inc
“P.A.M.
Transportation Services, Inc., through its subsidiaries, operates as a
truckload transportation and logistics company in the United States, Canada,
and Mexico. The company engages in transporting general commodities. Its
freight primarily consists of automotive parts, expedited goods, and consumer
goods, including general retail store merchandise, as well as manufactured
goods, such as heating and air conditioning units. The company also provides
brokerage and logistics services, which include transportation scheduling,
routing, mode selection, transloading, and other value added services related
to the transportation of freight. As of December 31, 2011, it operated a fleet
of 1,770 trucks, including 79 owner-operator trucks; and 4,696 trailers
comprising 53 leased trailers. “
Ending
June 2011 share count was 9,102 that was reduced to the current balance of
8,703. The aggressive current share buybacks coupled with recent additional
above average capital expenditures could indicate operating improvements.
Current
price is 10.28 with a per share book value of 15.11
YOY
revenue growth of 7%52 week price return was -12.14%
Market
Cap:89.45M, Enterprise Value:155.00M
Price/Sales:0.23,
Price/Book:0.67,Enterprise Value/Revenue:0.41Enterprise Value/EBITDA:3.84