Barnwell Industries (BRN:ASE) and InspireMD (NSPR: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
LEU Centrus Energy Corp 3.750000 9038751 None None 16.34 -1.34
MSN Emerson Radio Corp 1.190000 26994244 None 0.6095 1.83 0.98
ALN American Lorain Corp 0.428000 38274490 42.8000 0.0832 0.98 -0.62
BRN Barnwell Industries Inc 1.820000 8277160 43.7500 1.0753 1.95 1.88
APHB Ampliphi Biosciences Corp 0.860800 8749052 None 0.7637 1.02 0.96
NSPR InspireMD Inc 0.320000 7465889 0.0703 0.4161 0.92 0.92

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.

BRN:ASE Barnwell Industries
Barnwell Industries has 34 employees and is headquartered in United States.
Barnwell Industries Inc is engaged in the acquisition and development of oil and natural gas properties It business segments include oil and natural gas, land investment, contract drilling and residential real estate segment.

InspireMD has 34 employees and is headquartered in Israel.
InspireMD Inc is a medical device company. The Company is engaged in the development and commercialization of proprietary MicroNet stent platform technology for the treatment of complex vascular and coronary disease.

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