Very strong balance sheet.

Here are some stats,

Total Shares outstanding: 2.55 mil
Market Cap: 9.42mil (at $3.70 per share)
current asset: 15.832 mil (with 3/31/05 report)
total asset: 16.769 mil
current liab: 1.904 mil
total liab: 1.904 mil (no long term liab)

By Ben Graham's NAV standard, the total NAV is 13.928 mil

So the stock has a safe net of $5.46. Currently it's 1/3 undervalued.

I have been following this stock for a while. The company has a niche market in women's golf dress. There isn't much growth in this market, but the income is stable, the company is nevertheless paid less attention because of its small size. There was an attemp to make it private in the last few months because the general public lacks interest in the stock.

¶ 10:44 AM

Post a Comment