Looking for value in the tech rubble: 29 stocks marked down
Barron’s ran a piece today [subscription] on an interesting list that has some history. Back when I was at the hedge fund, we found a list of interesting stocks produced by boutique investment firm, B. Riley. that list, called Cash Rich Technology Stocks (CRTS), was a favorite among value investors in the technology sector.
According to Barron’s, that list screens for tech stocks trading at or approach net cash per share. More
- Net cash for all the companies considered was at least 35% of market cap.
- Riley eliminated companies with market caps under $40 million or high cash-burn rates.
- They crossed off those its analysts believed to have commerce models with little chance of success.
Original post by Zack Miller
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