A Late Friday Buy
Source: http://briskycapital.blogspot.com/2009/10/late-friday-buy.htmlPosted on Saturday, October 17th, 2009 | In Energy Markets, Investing Lessons, Market Commentary
I made a small purchase at the end of the day Friday. Its a small company called TII Network Technologies (a href=”http://finance.yahoo.com/q?s=TIII”TIII/a). They supply products in the DSL, surge protection, and VOIP arenas, amongst other things. a href=”http://finance.yahoo.com/q/pr?s=TIII”Click here for a full profile/a.br /br /I’m just looking strictly at value on this one. It trades at less than half of its current book value. They have nearly 11M in cash, and for a company with only 16M market cap, that is a pretty good safety net if the economy doesn’t recover as quickly as some predict. Like most companies, revenues are down year over year, but operations are improving.br /br /Now is the time to scoop up values in companies like these. I’m finding more opportunities in small cap names right now. The large cap stocks are followed so closely and bought by so many funds. I just can’t find much value in large cap stocks right now. The key with these small cap names is make sure they are sitting in a good cash position and won’t be reliant on credit to finance operations for an extended period of time, and you’ll be ok.br /br /Its a small position, and I may add to it, but it won’t become too large for me. Its lightly traded and I’m not a fan of taking big positions in stocks like this. But I do think its worthy of getting a shot here. a href=”http://www.tiinettech.com/images/pdf/tii%20Q2%202009%20Earnings%20Release-FINAL.pdf”Here’s a link to their latest quarterly report/a. (pdf)br /br /I got this idea from a href=”http://www.arohanvalue.com/premium/”Arohan’s Investing Life Premium/a, which is a great service. Check it out, as he has many more great ideas as well.div class=”blogger-post-footer”img width=’1′ height=’1′ src=’https://blogger.googleusercontent.com/tracker/819581243324579563-7897256875363113427?l=briskycapital.blogspot.com’ alt=” //div
Last 5 posts by Michael E. Brisky
- More of the Same - November 11th, 2009
- Picked up Some RHIE - November 10th, 2009
- Loews Still Attractive - November 9th, 2009
- Tii Network Technologies Reports - November 9th, 2009
- Not So Fast, Bears... - November 9th, 2009
 About Michael E. Brisky (http://briskycapital.blogspot.com)
Welcome to "In the Know." Here I discuss macro trends in the market, and how I think investors can profit from them. I particularly follow energy stocks and other beneficiaries of secular growth. My investing style would best be described as a hybrid. A hybrid of value and growth; of fundamental and technical analysis. I think you have to be flexible to be a successful investor, but also disciplined. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.