Stock on WallStreetNewsNetwork List Up 49% on Friday

In case you missed it, earlier this week on Wednesday, July 10, I wrote an article called Stocks Selling Below Cash per Share - Getting Stocks at a Discount which described how risk can be reduced by finding stocks trading below the amount of cash per share, especially if the company has low or no debt.

The Below Cash Stock ~ And Debt Free

Two stocks were included in the writeup, Emerson Radio Corp. (MSN) and Career Education (CECO), and the article referred to the free list of stocks selling below cash at WallStreetNewsNetwork.com. One of the stocks which was one the list of about ten stocks was iGo, Inc. (IGOI), the company that makes and markets power products for mobile electronic devices, such as chargers and surge protectors. The stock was trading at 2.28 on Wednesday, and closed at 2.29 on Thursday. This was approximately a 36% discount to the company's cash per share. In addition, the company has no debt.

iGo Really Did Go - Up!!!

After the market close on Thursday, it was announced that Steel Excel (SXCL) made a cash tender offer to purchase up to 44% of the outstanding shares of the common stock of iGo at a price of 3.95 per share. This is a premium of over 71%.

Huge One Day Increase

On Friday, the stock opened at 3.37 on the news, and closed at 3.42 for the day, about a 50% increase (49.34% to be exact).

By the way, Emerson Radio is down eight cents from Wednesday, but Career Education is up 3.4%.

Cheap Stocks Selling Below Cash and Debt Free

It would be pretty difficult for a company to go out of business if it is debt free, compared with companies that are heavily encumbered with loans. If you are able to buy a stock for less than the book value, that is even better. The book value is, in very simple terms, all assets minus all liabilities, dividend by the number of shares. In other words, if the company went out of business today and was able to liquidate everything immediately, what each shareholder would receive.

However, an even better buy would be if you could buy the company's stock for less than the amount of cash it has for each share. It may be hard to believe, but there are over 15 stocks trading at less than the cash per share, according to the latest list of Stocks Selling Below Cash per Share at WallStreetNewsNetwork.com.

One example is Amtech Systems Inc. (ASYS), a Tempe, Arizona based company which manufactures and markets the capital equipment used in the manufacture of wafers, primarily for the semiconductor and solar industries. This debt-free company, which closed at 3.31 on Friday, is selling way below its book value of 10.90, and about a 25% discount to the amount of cash per share of 4.47. Net revenue for the third quarter of fiscal 2012 was $24.3 million, up 13% from $21.6 million for the preceding quarter. The net loss for the third quarter of fiscal 2012 was $3 million or a loss of $0.31 per share compared to a net loss of $5.1 million or $0.54 per share in the preceding quarter.

If you trust the financials from Chinese based companies, you may want to take a look at UTStarcom Holdings Corp. (UTSI), a Beijing, China based business which makes and markets Internet protocol-based telecommunications infrastructure products to telecommunications service providers. Customers are based in China, Japan, India, the United States, Latin America, and Europe. The stock trades at 25.8 times earnings, and based on its closing price on Friday of 1.03, is selling at an approximately 45% discount to the cash per share of 1.86. During July and August, the company repurchased $2.2 million of its shares as part of its ongoing $20 million share repurchase program that was launched in August 2011. The company has no debt.

O2Micro International Ltd. (OIIM) is a debt-free Cayman Islands based company involved in the creation and selling of integrated circuits for power management and e-commerce components and systems. The stock closed at 3.74, which is at a discount to its cash per share of 3.83, and way below the book value of 5.36.

For a free list of all the debt-free stocks selling below cash, go to WallStreetNewsNetwork.com. The list can be downloaded, sorted, and updated.

Disclosure: Author didn't own any of the above at the time that article was written. By Stockerblog.com

Top High Yield Low Price No Debt Below Book Stocks

It is one thing to find a high yield low price stock, but there are more characteristics that you have to look at. Does the stock only pay a dividend once a year or quarterly? Is it selling way above book value or below book? Does the company have a ton of debt?

To make it easy for investors do do their research, WallStreetNewsNetwork.com has just updated its High Yield Stocks Below $10 per Share list, It has been narrowed down to only show the stocks with yields greater than 4%, selling below book value, and with little or no debt. In addition, all the stocks pay quarterly.

An example is Lawson Products Inc. (LAWS), a Chicago, Illinois based company which distributes maintenance and repair related products and services. The customers include numerous industries, such as automotive repair, commercial vehicle maintenance, government, manufacturing, food processing, distribution, construction, oil and gas, and mining. The stock trades at 6.7 times forward earnings and pays a very generous yield of 5.1%. The company has a small amount of debt relative to its capital and sells at 62% of book value.

Friedman Industries (FRD) is involved in steel processing, pipe manufacturing and processing, and steel and pipe distribution. The stock pay a dividend rate of 5.6% and sports a forward price to earnings ratio of 5.3. This debt free company sells right at book value.

The Dallas, Texas based A. H. Belo Corporation (AHC) is a newspaper publishing company, which owns and operates four metropolitan daily newspapers: The Dallas Morning News, The Providence Journal, The Press-Enterprise, and The Denton Record-Chronicle. The company last reported negative earnings but pays a 5.8% yield. The company is debt free and trades at 77% of book value.

The see the entire list of 30 high yield low priced stocks that have low or no debt and trade at less than book value, go to WallStreetNewsNetwork.com.

Disclosure: Author didn't own any of the above at the time the article was written.

By Stockerblog.com