Eno's Deep Value Takeovers
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Created by EnoOnmai
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Date updated:01-02-2008

Leveraging James A.'s value criteria,

entity value/fcf btwn 0/5
current price >=5
cap btwn 250m and 2b
lt debt/equity < 0.1
operating margin >=10
eps(ttm) >= 0
PEG "less than" OR = 1

Update 8/14

symbol name last price % change open
  • +
  • IDCC
    Interdigital Inc
  • $25.91
  • -2.00%
  • $26.28

8/14 - Nothing has happened (except ROE and ROA which originally appeared outsized -- I suspect some one time item but haven't looked yet. Looks like a great performer too! Cap = 1.52B -> 1.134B ROE = 131 -> 24.931 ROA = 41 -> 9.861 Forward PE = 28 -> 19.27 PEG = 0.54 -> 0.42 EPS(ttm) = 4.2 -> 1.055 Operating Margin = 68.5 -> 34.853 LT dbt/equity = 0.008 -> 0.104 EV/FCF = 4.22 -> 2.82

People owning IDCC also tend to own: JCOMAAPLPANLRIMMSHLDSLBBAC

TheStreet.com Rating: B- What is this?

  • +
  • ASPV
    Aspv
  • $0.00
  • N/A
  • $N/A

Update 11/1 - As of Oct 17 ASPV shareholders have been offered $26/share by Galenica. The board has accepted the offer. Closure targetted at 1/3/2008. Maybe there's something too this! Update 8/14 - No specific change in the drug picture. Company has done some restructuring. Updated pipeline news due on Update 6/25 - latest drug test showed negative results. Hard to believe this would be bought out with no product! This should fall out of the list from the screener eventually. I guess one of the performance criteria will fail. A little smaller cap, but still very good performance. I'll do other fundies later. Cap = 710M -> 623.7M ROE = 44.8 -> 42.835 ROA = 27.7 -> 26.669 Forward PE = 4.3 -> 3.65 PEG = 0.26 -> 0.19 EPS(ttm) = 3.3 -> 3.556 Operating Margin = 56.1 -> 58.932 LT dbt/equity = 0 -> 0 EV/FCF = 3.43 -> 2.25

People owning ASPV also tend to own: EWAHALWIREBLUEHANSHGRDHMSY

TheStreet.com Rating: C What is this?

  • +
  • SEAB
    Seabright Insuran
  • $12.62
  • +3.27%
  • $12.13

8/14 - Because this is an insurer, I'm skeptical of any acquisition but I want to keep tracking this. Pretty small cap, and pretty low trading volume. Not as good a performer as others here. Cap = 371M -> 337.3M ROE = 15.7 -> 15.535 ROA = 6.192 -> 6.125 Forward PE = 9.3 -> 8.21 PEG = 0.67 -> 0.6 EPS(ttm) = 1.8 -> 1.831 Operating Margin = 26.2 -> 25.286 LT dbt/equity = 0.046 -> 0.045 EV/FCF = 4.38 -> 3.98

People owning SEAB also tend to own: ACLSHSPMOMOTOXPSRESAYI

TheStreet.com Rating: C What is this?

  • +
  • NOVN
    Noven Pharmaceuti
  • $12.70
  • +0.79%
  • $12.61

8/4 - On July 10 this company acquired JDS (a privately held company) for 125M in cash. This appears to have affected the databases for ROE and ROA, but I'm not clear why. Clearly this took a huge haircut also. This one is a stretch because it does not meet the Operating Income Screen. I haven't researched this yet as it does have +ve EPS(ttm and mrq) and +ve all other profitability metrics. For now I'm putting this in with the data that I have. Cap = 580M -> 414M ROE = 12.6 -> 0 ROA = 8.1 -> 0 Forward PE = 18 -> 21.47 PEG = 0.8 -> 0.991 EPS(ttm) = 0.832 -> 0.991 Operating Margin = 26.2 -> 1.257 (!Is this for real?) LT dbt/equity = 0.001 -> - EV/FCF = 4.45 - 2.88

People owning NOVN also tend to own: ALVRBBHBIIBBRK.ACPBCPLAGIS

TheStreet.com Rating: D What is this?

  • +
  • TGIC
    Triad Guaranty In
  • $3.52
  • +12.82%
  • $3.15

Added 8/14 Cap = 337.2M ROE = 10.645 ROA = 5.953 Forward PE = 5.54 PEG = 0.58 EPS(ttm) = 4.022 Operating Margin = 30.533 LT dbt/equity = 0.058 EV/FCF = 3.34

People owning TGIC also tend to own: MTGRDNCLFCRDNDRIVDWSNFCFS

TheStreet.com Rating: D- What is this?

Portfolio not tracked!

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