SunLink Health Systems (SSY:ASE) and ImmunoCellular (IMUC:ASE) Trading at Less than Cash Value

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Trading at Less than Cash Value

Today we are looking at companies trading at less than cash value meaning companies whose current share price is less than the cash per share on the balance sheet. We also show the value of cash net debt per share to show how much cash per share would be left if the debt was paid off.

What this Means…

Companies can have more cash per share than the actual share price for a number of reasons including they just raised capital, are in industries that experience high burn rates and will eat through the cash quickly or if there is a lot of uncertainty about the future of the company. Companies earning a positive net income will have a P/E greater than 0 and are worth exploring in more detail.

Today’s Data on AMEX

Today’s data is for companies listed on the American Stock Exchange.

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
PIP PharmAthene Inc 0.809900 68815195 0.2745 2.8641 2.24 0.25
LEU Centrus Energy Corp 5.830000 9000000 None None 18.98 -7.03
MSN Emerson Radio Corp 1.270000 27065852 None 0.6312 1.54 0.97
ALN American Lorain Corp 0.570000 38274490 57.0000 0.1108 0.98 -0.62
BRN Barnwell Industries Inc 1.790000 7774838 None 0.9954 1.98 2.00
SSY SunLink Health Systems Inc 1.520000 9443408 None 0.5593 1.52 0.79
IMUC ImmunoCellular Therapeutics Ltd 3.030000 3459859 None 1.7097 3.31 None
NSPR InspireMD Inc 0.960000 1472606 None 0.3495 5.10 3.28

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

SSY:ASE SunLink Health Systems
SunLink Health Systems has 1851 employees and is headquartered in United States.
SunLink Health Systems Inc provides healthcare services. The Company operates community hospitals, and related nursing home and home care. Its business segments are Healthcare Facilities and Specialty Pharmacy.

IMUC:ASE ImmunoCellular
ImmunoCellular has 9 employees and is headquartered in United States.
ImmunoCellular Therapeutics Ltd is a clinical-stage biotechnology company that develops immune-based therapies for the treatment of cancers, such as brain, ovarian and other solid tumors.

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