TearLab (TLB:TSE) and Lanesborough REIT (LRT.UN:TSE) 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 TSE

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

Symbol Name Close Price Shares Outstanding P/E P/B Cash per Share Net Cash per Share
TRZ Transat A.T. Inc 10.400000 37086283 2.8650 0.6674 16.50 13.90
AIM Aimia Inc 1.620000 152307196 None None 3.22 0.27
GMP GMP Capital Inc 3.190000 75451000 None 1.3286 8.51 7.78
CXR Concordia International Corp 0.770000 51283574 None None 6.66 -63.36
CTX Crescita Therapeutics Inc 0.580000 14643348 None 0.3990 0.60 0.30
LGQ Logiq Asset Management Ltd. 0.020000 327101000 None 0.7981 0.08 0.02
BIOA BioAmber Inc 0.075000 84414923 None 0.0460 0.12 -0.32
NPS Northern Power Systems Corp 0.175000 23793884 None None 0.24 0.16
TLB TearLab Corp 0.375000 10216998 None None 0.71 -2.06
LRT.UN Lanesborough Real Estate Investment Trust 0.015000 20557320 None None 0.06 -11.90
MNT Royal Canadian Mint 17.950000 4000 None None 23651.75 11260.75
MNS Royal Canadian Mint 12.810000 4000 None None 23651.75 11260.75

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.

TLB:TSE TearLab

http://www.tearlab.com
TearLab has 42 employees and is headquartered in United States.
TearLab Corp is an in-vitro diagnostic company. The Company commercialized a proprietary tear testing platform, the TearLab Osmolarity System that enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film.

LRT.UN:TSE Lanesborough REIT

http://www.lreit.com
Lanesborough REIT has None employees and is headquartered in Canada.
Lanesborough Real Estate Investment Trust is a closed-end real estate investment trust. The Company is engaged in acquisition, development, financing, management and divestiture activities pertaining to multi-unit residential properties in Canada.

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.