I am keeping an eye on the following stocks:
Harvest Natural Resources(HNR) closed at $3.88 per share. This is a classic Graham play. This natural resources company is currently trading below its net current asset value and the cash on its balance sheet.
Manitowoc(MTW) is down over 80% this year and is trading at $8.29 per share. The company has a strong enough financial position to survive this economic downturn.
Electronic Arts(ERTS) has sank to $15.01 per share. Electronic Arts is currently undergoing a massive restructuring as the company seeks to increase market share in the competitive video game industry. Might be a good takeover target with over 2 billion in cash and no debt.
Cheesecake Factory(CAKE) trades at $9.36 per share. The casual dining sector has been crushed and Cheesecake Factory is no exception.
Whole Foods Market(WFMI) closed at $8.99 per share. This is a very risky play because of the grocer’s huge debt load and problems with the Wild Oats merger. If the stock drops anymore it may be worth a shot.
wow i didn’t know ERTS had so much cash. I’m not sure who is big enough to buy them in that biz though, Microsoft maybe? I don’t keep up with the game biz much though.
looks like it would be a good buy around net current asset value, you would get the trademarks for free. nice find.
@mark
I think that Disney is a possibility too.