10/20/2013

Micro Cap Value Insider Purchases For the One Week Period Ending 10/18/13

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COSI (Cosi Inc), speculative turnaround play with a new CEO, President and recent share purchases by highly successful independent activist small cap value investor Lloyd Miller.Cosi, Inc. owns, operates, and franchises fast-casual restaurants. COSI has been one of the worst performers in the Restaurant industry posting a 52 week change of -14.39%. EV to sales valuation is only .31.Enterprise value is  28.75M and market cap of 40.71M for 74 owned and operated restaurants and 50 franchises. 

NSSI (Network-1 Security Solutions) is the holder of 19 patents. There focus is on monetizing their use by other companies. Cash per share is 40% of the current market  value.Market Cap 44.36M, Cash is 18.64M Enterprise Value: 26.25M , Enterprise Value/EBITDA: 5.52, Mentioned on the blog at lower price of $1.19 "Illiquid Stocks for Outsized Returns?"

ORBT (Orbit International), low valuation nano cap trading below book value,45% held by insiders.Orbit International Corp. designs, manufactures, and sells electronic components and subsystems, and commercial and custom power units.” Yahoo:  Market Cap:  14.75M , Enterprise Value: 16.27M

GRIF (Griffin Land & Nurseries), is sitting on a large portfolio of real estate throughout the USA on the books below market value with nursery businesses. GABELLI FUNDS owns about 30% of the stock. 

STLY (Stanley Furniture) is a turnaround with an asset and cash rich balance sheet down 20% for the year.  Stanley Furniture founded in 1924 designs, manufactures wood furniture for the residential market in the United States. Market Cap: 52.83M ,Enterprise Value : 33.39M EV/Sales : 0.34 , Price/Book: 0.64, No debt and 22.78M in cash or 1.57 per share
                                                                            

RT (Ruby Tuesday) 52 change of -17% with key financial valuations trading for the lowest within their industry. Margin of safety partially created with their strong real estate portfolio. Founded in 1920 with 706 company owned and operated  restaurants and franchised 77 Ruby Tuesday restaurants, including 33 domestic and 44 international restaurants. Now trading at 52 low.

AIRT(Air T Inc) low valuation nano cap near 52 week high trading at book value.
  
The remaining are listed in the tables below