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Take it Private! is a new series looking at one company each week that, in my opinion, has no reason for being public. To find these companies, I screen for the following:
  • High insider ownership
  • A history of solid profitability
  • A paltry Price/Earnings and/or Price/Cash Flow multiple, and a reasonable Price/Book ratio.
  • A stagnant stock price accompanied by low volume indicating a lack of interest in the stock
My purpose in highlighting these companies? This screen can be a good way to find deep value stocks, especially companies that may be attractive to a strategic buyer, private equity firm or management-led buyout at a premium to the current share price. However, this profile should not be interpreted as a recommendation to buy shares in Playboy Enterprises (NYSE: PLA).

Steven Mallas recently asked What happened to Playboy stock?, and referring to the company's tanking stock price and operational problems wrote that he'd "love to be invited for an extended stay at the Playboy mansion so that I could help solve the company's problems "

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Take it Private! Playboy Enterprises originally appeared on BloggingStocks on Mon, 16 Jun 2008 12:00:00 EST. Please see our terms for use of feeds.

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