4/29/2013

Negative Enterprise Value

I will continue the updating tomorrow.


The stocks below were partially selected based on a negative enterprise value.

CMKG: mktg, inc. (CMKG): CMKG was founded in 1972. It’s an integrated sales promotional and marketing services agency in the United States. 


Revenue per share was 15.84 or 130.46M for the TTM. TTM gross profit of 102.90M or 12.24 per share, EBITDA of 6.11M, OI of .64 per share, and a book value of 1.42 per share. Cash per share is 1.36. 2013 positive insider activity.

CDCO: CDCO: Comdisco Holding Company, Inc. “does not have significant operations. The company is a successor company to Comdisco, Inc., which emerged from bankruptcy under the plan that became effective in August 2002. Its post-bankruptcy operations are limited to an orderly run-off or sale of its remaining assets. Comdisco Holding Company, Inc. was founded in 1969 and is based in Rosemont, Illinois”

Per 10k .. Berkshire Hathaway, Inc. owns 1,538,377 of 38.18% of shares outstanding

Davidson Kempner Partners 23.50%, Horizon Kinetics LLC 6.98% ,Haphazard Investors LLC 8.47% 

Price of $5.10 (20.54M), with a per share EV of -3.18 (-12.82M). Cash is 7.18 per share.

CECO: Career Education Corp.

COSN: CoSine Communications, Inc.

DGTC: DGT Holdings Corp

LOOK:  LOOK: LookSmart, Ltd. founded in 1996 “LookSmart, Ltd. provides search and display advertising network solutions in the United States, Europe, the Middle East, and Africa. “
LookSmart continues to bleed cash and loose the few customers remaining. July 2012 the company received a 1.00 per share offer from Peek Investments LLC . The offer was foolishly rejected by the board.

Per share price = .71 , Cash = .92, BV = .85, Revenue = .91, GP = .32


OIIM: O2Micro International Ltd.  

PRLS: Peerless Systems Corp

SCMR: Sycamore Networks Inc