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Latest Net/Nets Experiment Encouraging

Other current net/nets include Ingram Micro (IM - Get Report), which at a $2.5 billion market cap, is among the largest net/nets you are likely to see. It's also profitable, typically a rarity among net/nets. This one may no longer be a net/net pending new financial statements that reflect the company's recent purchase of Brightpoint (CELL). IM Price / Book Value Chart IM Price / Book Value data by YCharts

From there, the list of current qualifiers gets much smaller in terms of market cap and quality, and includes a hodge-podge of companies, primarily technology related. These include FormFactor (FORM - Get Report), Imation (IMN - Get Report), Westell Technologies (WSTL), Axcelis Technologies (ACLS), Trans World Entertainment (TWMC), and Pacific Biosciences of California (PACB). Not much to write home about, these days.

But markets change, and during pullbacks, the more "challenged" companies are often sold first. That's when you are likely to see a greater number of names trading below net current asset value. Sell first, ask questions later.

At the time of publication the author held long positions in Ingram Micro and RadioShack.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Jonathan Heller, CFA, is president of KEJ Financial Advisors, his fee-only financial planning company. Jon spent 17 years at Bloomberg Financial Markets in various roles, from 1989 until 2005. He ran Bloomberg's Equity Fundamental Research Department from 1994 until 1998, when he assumed responsibility for Bloomberg's Equity Data Research Department. In 2001, he joined Bloomberg's Publishing group as senior markets editor and writer for Bloomberg Personal Finance Magazine, and an associate editor and contributor for Bloomberg Markets Magazine. In 2005, he joined SEI Investments as director of investment communications within SEI's Investment Management Unit.

Jon is also the founder of the Cheap Stocks Web site, a site dedicated to deep-value investing. He has an undergraduate degree from Grove City College and an MBA from Rider University, where he has also served on the adjunct faculty; he is also a CFA charter holder.

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SYM TRADE IT LAST %CHG
RSH $0.31 12.76%
FORM $9.16 0.00%
IM $25.65 0.00%
IMN $4.16 0.00%
AAPL $130.28 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

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