|Day Low/High||34.89 / 35.50|
|52 Wk Low/High||24.06 / 38.83|
Overall it was a good year for this somewhat off the wall screen that I developed several years ago as a way to find seemingly cheap companies.
Electro Scientific Industries leads a parade of value stocks that have performed quite nicely in a growth-oriented market.
Despite the disparity this year between growth and value, my 2017 Double Net Value Portfolio is not struggling.
It has been 18 months since the portfolio was unveiled, and the results have been impressive on the whole, with one big exception.
My tracking portfolio is flat for the year to date, though there have been wildly divergent performances by the constituent stocks.
An eclectic mix of 20 companies made my cut of stocks trading at 1x to 2x net current asset value.
Still, I am neither disappointed nor thrilled with the performance.
Nearly six months since inception, the portfolio comprised of under-the-radar names is up about 25%.
I am planning to pick up these two cheap, cash-rich companies on the next dip.