Singapore Version of Benjamin Graham Net Net – Jason Marine Group?
By Valuestocks.sg • November 11, 2013
Thanks to a reader for bringing to my attention Jason Marine Group ("Jason Marine"). In the email, Jason Marine is described as a net-net stock that
has been paying dividends for past 3 years,
has a dividend yield of 1.33%,
carries no debt,
level of cash is more than market capitalisation
Brief Introduction to Jason Marine's Business"Jason Marine Group Ltd. designs, integrates, installs, and tests marine communications, navigation and automation systems; and maintains and supports those systems." - Bloomberg
Now, let's see if Jason is the real deal.Snapshot of Jason Marine's Fundamentals(a) Benjamin Graham Net-net? - for the uninitiated, Ben Graham is the "grand-daddy" of value investing. He popularised the value investing concept of net-net. What is a net-net?A net-net stock is one whose market capitalisation is lower than current assets minus total liabilities. As at 11 Nov, Jason Marine's market capitalisation ......
