Top Four Net/Net Plays

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As pessimism continues to dominate equity market activity, the "low tide" environment continues to banish more companies to the land of the net/nets. At last glance, I counted 367 companies trading below their net current asset values -- that is, in the simplest terms, current assets minus total liabilities, preferred equity and minority interests, if applicable.

In all fairness, the data from this stock screen has not been scrubbed and is inclusive of all companies with market caps above $5 million. However, the top of the list still includes some fairly large companies, at least as far as net/nets go.

What's more, several of these names are currently profitable. Some have relatively large amounts of cash and/or marketable securities on the books as well. Perhaps not surprisingly, those at the top of the list in terms of size (as measured by market cap) are all technology-related companies. ...