|Day Low/High||12.96 / 12.98|
|52 Wk Low/High||7.65 / 10.38|
Double-Net Dividend stocks, which some would call misfits, doing OK so far.
Just two months after its creation, the portfolio handily is beating the Russell 2000 Index and Russell Microcap Index.
Bob Evans Farms and Kulicke & Soffa were among the first-half winners, while Ruby Tuesday and Fitbit were big disappointments.
'Double-nets' have been fertile ground for acquisitions.
The list is dominated by retailers, of which there are four; that's unfortunate, given the pressure that sector is facing these days.
I've never seen such a small name that is so deep into value territory begin paying a dividend.
This screen looks to identify companies that may be cheap based on measures of earnings and book value.
West Marine and Fitbit posted quarterly results, while CoreCivic got a lift from a Jeff Sessions memo.
My tracking portfolio is flat for the year to date, though there have been wildly divergent performances by the constituent stocks.
Shares of the restaurant chain -- my Best Idea for 2017 -- fell nearly 25% at week's end on weak second-quarter results.
An eclectic mix of 20 companies made my cut of stocks trading at 1x to 2x net current asset value.
The game just started, but several names in my portfolio have been off to the races since Election Day.
Reports like these are largely overshadowed by those of more popular names.
These names frequently trade at low multiples to current assets and may (but may not) be worthy of purchase.
Richardson Electronics and West Marine both trade below tangible book value and have solid cash positions.
The specialty boating retailer is trading below net current asset value yet is profitable, which makes it worth a look.
And yet, West Marine is currently profitable.
Some patience is required, but these have seen solid results.
Value plus quality remains the most profitable strategy of all.
It may be best to do nothing until there is inventory creation.
We are still just about 3.5% off all-time highs in the market.
Value investors look for good entry points, rather than sweating every penny.