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Looking for value in the tech rubble: 29 stocks marked down

Microchip 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. This list, called Cash Rich Technology Stocks (CRTS), was a favorite among value investors in the technology sector.

According to Barron's, this list screens for tech stocks trading at or near net cash per share. More specifically, the CRTS looks for stocks where:
  • 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 business models with little chance of success.
So, which stocks came up?

Continue reading Looking for value in the tech rubble: 29 stocks marked down

Analyst upgrades 12-28-06: Benihana upgraded to Strong Buy

MOST NOTEWORTHY: Benihana Inc. was the sole noteworthy upgrade in today's minuscule list:
  • Sanders Morris upgraded Benihana Inc (NASDAQ:BNHNA) to Strong Buy from Buy with a $34 target, citing limited downside and $30% potential upside to their favorite restaurant pick in 2007.
OTHER UPGRADES:
  • Citing increasing demand for petroleum activities and valuation, Matrix USA upgraded NewMarket Corp (NYSE:NEU) to Strong Buy from Buy.
  • Ferris, Baker Watts upgraded shares of Tollgrade Communications (NASDAQ:TLGD) to Buy from Neutral, with a $12 target, based on their belief that Tollgrade has improved its growth prospects by expanding its geographic reach, evolving its product offerings and adjusting its operating and overhead structure.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 03:30 AM

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