Stalking the Super-Cheap
Most of the conversations, research and analysis this morning is devoted to the art of NCAA Bracketotlogy. The tournament pairings have been announced and most of the business world is hard at work trying to craft a perfect bracket. With all the upsets in the conference tournaments this past weekend, a perfect bracket does not seem as easy as it may have just a week ago. I have never come close to bracket perfection, so I will just enjoy the great story of Loyola (Baltimore pride!) and spend some time reviewing the world of cheap stocks.
I sat down this morning and ran my "super cheap" screen to see whether any new ideas popped up. I run this screen several times a month, looking for companies that are trading at no more than 70% of book value. Unlike many of my other deep-value screens, I do not add any other valuation parameters for debt, cash flow or insider activity; I just want to see stocks that cover the whole gamut of cheap, be it distressed, traditional or special situation. Most of the list ends up on the cutting room floor, but doing the work is a worthwhile exercise nonetheless....488 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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