Last November, I published a list of Net Current Asset Value stocks to use as a starting point in doing research. So how have these stocks done since then? Good question. The theory, of course, is that these stocks will have less downside.
The average stock was down 4.5%, with Synthesis Energy (SYMX) the worst, down 73%. The best performing stock was Force Protection (FRPT), which was up 140.2%. Some other things to consider when looking at this update. The return does not include any dividends, and I did not check to see if any stock splits occurred for any of these names.
The S & P 500 closed at 968.75 on 10/31/2008, and is trading on January 28 at around 867, for a decline of 10.5%. Thank you Benjamin Graham!!!
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