NEW YORK ( TheStreet) -- In
Other tech-related names that are "double nets" include telecommunications networking product name Tellabs ( TLAB) , which is currently trading at 1.2 times net current asset value. Not currently profitable on a trailing 12-month basis, the company has $1.12 billion, or $3.05 per share, in cash and marketable securities, and $181 million in debt. Unprofitable technology companies are typically not my cup of tea, but given the large amount of cash and securities relative to the current price ($3.34), I'll be watching this one. TLAB data by YCharts
Other technology-related double nets include Kulicke and Soffa Industries ( KLIC), Scan Source ( SCSC), Power-One ( PWER) Inc (PWER), Park Electrochemical ( PKE) and Tessera Technologies ( TSRA). While double net land is currently dominated by tech names, there are some non-tech names, including aluminum wheel manufacturer Superior Industries ( SUP), workforce solutions provider Kelly Services ( KELYA), footwear retailer Shoe Carnival ( SCVL) and golf company Callaway ( ELY), to name a handful. Callaway is a name I recently gave up on after having owned it for the past few years. The company's "recovery" has been pushed further and further into the future, and I finally gave up and moved on. Sometimes stocks appear cheap for legitimate reasons. At the time of publication the author had no positions in the stocks mentioned. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.