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
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
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…