NEW YORK ( TheStreet) - Last Friday's column featured results of a stock screen I've been using to identify stocks trading below tangible book value. The performance of these names has been better than expected, and as promised, today's column will reveal the current crop of stocks meeting the screens criteria, which included the following:
- Trading below tangible book value
- No financial names
- Long-term debt to equity less than 50%
- Companies must be profitable on a trailing 12 month basis
- Minimum market cap $100 million
At the time of publication the author is long GLW. Follow @JonMHellerCFA This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.