5/30/2013

Additional add-on Insider Purchases 05/29/13 Micro Cap Value













































































Details on Insider Transactions:




DAIO: DATA I/O COR Insider Purch 2,000 Shares for $4,000 at $ 2.00 Current Price = $ 2.00 Buyers Title = 10% Ownership Shares Owned after Purch 9,800  Market Cap = 15,500,000  Enterprise Value  = 5,580,000  EV/Rev = 0.31  EV/OI = -2.12  52 Wk High = 3.02  52 Wk Low = 1.39 Industry = Diversified Electronics

DRAD: DIGIRAD CORP Insider Purch 5,000 Shares for $11,800 at $ 2.36 Current Price = $ 2.34 Buyers Title = 10% Ownership Shares Owned after Purch 571,985  Market Cap = 45,030,000  Enterprise Value  = 20,420,000  EV/Rev = 0.42  EV/OI = -5.58  52 Wk High = 2.68  52 Wk Low = 1.73 Industry = Medical Appliances & Equipment

ORBT: ORBIT INTERN Insider Purch 2,600 Shares for $8,840 at $ 3.40 Current Price = $ 3.40 Buyers Title = 10% Ownership Shares Owned after Purch 955,765  Market Cap = 15,610,000  Enterprise Value  = 17,090,000  EV/Rev = 0.57  EV/OI = 8.09  52 Wk High = 3.83  52 Wk Low = 2.88 Industry = Diversified Electronics

SANW: S&W Seed Co  Insider Purch 1,500 Shares for $12,345 at $ 8.23 Current Price = $ 8.37 Buyers Title = President and CEO Shares Owned after Purch 54,465  Market Cap = 76060000  Enterprise Value  = 68,360,000  EV/Rev = 2.22  EV/OI = -22.79  52 Wk High = 11.40  52 Wk Low = 4.43 Industry = Farm Products

CRRC: COURIER Corp Insider Purch 2,000 Shares for $27,260 at $13.63 Current Price = $13.69 Buyers Title = 10% Ownership Shares Owned after Purch 37219  Market Cap = 156,720,000  Enterprise Value  = 176,120,000  EV/Rev = 0.67  EV/OI = 9.44  52 Wk High = 14.99  52 Wk Low = 10.53 Industry = Publishing - Books

MAG: MAGNETEK, IN Insider Purch 500 Shares for $7,675 at $15.35 Current Price = $16.46 Buyers Title = President & CEO Shares Owned after Purch 43,806  Market Cap = 53,000,000  Enterprise Value  = 18,970,000  EV/Rev = 0.17  EV/OI = 2.51  52 Wk High = 17.62  52 Wk Low = 8.61 Industry = Industrial Electrical Equipment

RLGT: RADIANT LOGI Insider Purch 130 Shares for $256 at $ 1.97 Current Price = $ 1.89 Buyers Title = Chief Executive Officer Shares Owned after Purch 9169862  Market Cap = 63,030,000  Enterprise Value  = 82,170,000  EV/Rev = 0.26  EV/OI = 16.40  52 Wk High = 2.74  52 Wk Low = 0.92 Industry = Air Delivery & Freight Services

LIOX: LIONBRIDGE T Insider Purch 35,900 Shares for $106,623 at $ 2.97 Current Price = $ 3.08 Buyers Title = 10% Ownership Shares Owned after Purch 8,337,080  Market Cap = 185,400,000  Enterprise Value  = 183,040,000  EV/Rev = 0.39  EV/OI = 13.22  52 Wk High = 4.25  52 Wk Low = 2.16 Industry = Business Services


LIOX: LIONBRIDGE T Insider Purch 5 Shares for $15 at $ 3.00 Current Price = $ 3.08 Buyers Title = 10% Ownership Shares Owned after Purch 0  Market Cap = 185,400,000  Enterprise Value  = 183,040,000  EV/Rev = 0.39  EV/OI = 13.22  52 Wk High = 4.25  52 Wk Low = 2.16 Industry = Business Services

4 comments:

johnheider1 said...

MAG has a big pension liability that you are not including in your EV calculation. Just in general, do you not include such items?

johnheider1 said...

MAG has a big pension liability so the EV is actually much higher.

ShadowStock said...

Hi John

Thanks for the information! I agree and don’t purchase if they have a pensions.

The enterprise value for this post was taken from Yahoo key statistics. Their EV on Yahoo was 18.97M on May 31, 2013.

http://finance.yahoo.com/q/ks?s=MAG+Key+Statistics

My usual EV calculation is to take the market cap + all liabilities less cash. MAG has total liabilities of 123,837,000. So using that amount would put the EV per share much higher as the total liabilities per share would be 38.45, cash per share 7.96, current price 16.50 for an EV per share value of 46.99.

Thanks
John

ShadowStock said...

John, the book value per share posted was -8.77 and clearly includes all the liabilities that was not in the EV value. That was a clear red flag.
Thanks