Net Nets : a Value strategy

The catalyst might be this announcement :

https://www.streetinsider.com/Corporate+News/InfoSonics+(IFON)+to+Acquire+Cooltech/13130627.html

Sometimes just a little bit of coverage makes analysts realize the stock is underpriced. But at a 10 millions market capitalization, I don’t expect analysts to cover this kind of stock anyway :smiley:

Regarding my other net net stocks, I have already talked about them in the mustachian portfolio thread, but it can be a good opportunity to make a 1 year assessment (as an exercice, I ll let you calculate the Net current asset value of these stocks) :

-Rubicon Technology (RBCN): bought in july 2016 at 6.7USD, reinforced at 5.2 USD (for an average entry price of 5.8 USD) : currently quoting at 8.12 USD : +39%
-Emerson Radio (MSN) : bought in july 2016 at 0.655 USD, currently at 1.28 USD : +95%
-Gigamedia Ltd (GIGM) : bought last year as well at 2.5 USD, currently at 3.03 USD : +21%
-Richardson Electronics (RELL) : bought in July 2016 at 5.25 USD, quoting now at 5.94 USD : +13%
-Velcan SA (ALVEL): bought at 10.64 EUR, now at 11.28 EUR : +6%
-Gravity Corps (GRVY) : bought in august 2016 at 4,32 USD, sold in November 2016 at 11,6 USD : +160%
-Zwalen und Mayr SA (ZWM) : bought three months ago at 178 CHF, now quoting at 230 CHF : +29%
-Sear Hometown and Outlet Stores (SHOS) : bought at 2.50 USD, currently at 2.25 USD : -10%
-Sanshin Electronics (TYO:8150) : bought in September 2016 at 906 JPY, currently at 1428 JPY : +57 %
-Nippon Antenna (TYO:6930) bought in September 2016 at 537 JPY, now at 576 JPY : +7%
-Nichiwa Sangyo (TYO:2055) : bought in September 2016 at 196 JPY, now at 241 JPY : +22%
(Note that in the meantime the Japanese Yen went down -10% against the Swiss Franc).
-Asia Pacific Wire and Cable (APWC) : bought in 2015 at 1.75 USD, now at 3 USD : +71%
-Deswell Industries (DSWL) : bought in 2015 at 1.8 USD, now at 2.8 USD : +44%

I consider that everything I haven’t sold yet has still some room for upside potential.

So all in all, in the last two years, Net Nets have provided me very satisfactory results :slight_smile:

But I’d like to see their performance over a longer timespan, so I can draw a conclusion. I don’t forget that we are in a bull market…