Deep-Value Pickings Are Slim, and Not All That Great

As the broad markets continue to plow forward, the deep-value net/net cupboards (companies trading below net current asset value) are becoming even more bare. I did not think that was possible; indeed, I've never seen an environment quite like this one for net/nets, and I feel a bit like a broken record for saying so again. What's more, it has not been a great environment for small value for the year to date, with the Russell 2000 Value and Russell 2000 Microcap indices down 0.5% and 1.6%, respectively. In such an environment, I'd expect to see more companies to be jettisoned to net/net land.

My latest perusal of current net/nets revealed just eight with market caps greater than $50 million. When you throw out the early-stage biotechnology companies that will burn through the cash on their books (which technically helps them qualify for net/net status), that leaves just four....422 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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