Richardson, which has done little in terms of stock performance for the year, currently trades for 0.97 times NCAV looks interesting due to the strength of its balance sheet. While just marginally profitable at this point, the company ended its latest quarter with $141 million, or $9.65 per share in cash and short term investments. There's an additional $5.5 million, or 37 cents per share in long term investments. In total, each share of Richardson, currently trading at $11.30, represents $10.02 in cash and investments. Richardson also pays a 6 cents quarterly dividend, which equates to a 2.1% yield.
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Net/nets are exceedingly rare these days. But they won't be once we see the markets pull back.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.