5/16/2010

Weekend findings (05/16/10)/Stocks to watch

AVCA

Price: $5.73

Positives;
Share buy backs reducing maintain a consistent share count from 2004 to the TTM.
Average ROIC from 2005-2009 of 15.14%
YOY quarterly sales change of 2.0%
.05 quarterly dividend
Ownership of 9 nursing care facilities
Historically low P/S and P/B valuation
Current high earnings yield as measured by EBITDA – average capital expenditures over the prior 4 years/ current EV = 10.48%

Negative:
Preferred stock

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ICCC

ImmuCell Corporation

Price 3.52
EV: 2.10
CASH/Price = 47.35%
Share count reduction
Insider purchases on Friday

Risk
Waiting for FDA approval on new animal health care product

KSWS

K•Swiss Inc

Price 10.41 ($215,032,400)
EV = 6.12 ($365,780,000)

Share buybacks and potential discount to normalized earnings

Large shares reported purchased by insider on Friday
Negative:
Large negative short: Short as a percentage of float = 16.80%
YOY quarterly sales change -21.40%

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SLI

Industry: Diversified Electronics
Co Name: SL Industries, Inc.,
Price = 11.15 (68,320,000)
EV = 15.57 ($95,437,500)

Average 06-09/Current EV = 10.35%
OI/EV = 3.34%
Recent strong insider buying

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