Solitron Devices (SODI) Update – 10Q filing
Posted on | January 15, 2010 | No Comments
Time to update Solitron Devices (SODI). It is vital to update your assessment of a company when they release new information. SODI has released a new 10Q. I purchased shares of SODI because they were a Net Net stock with Free Cash Flow growth possibilities.The News in the financials is not very exciting. But nothing bad either.
After rising to $2.40 from my purchase price of $2.22 the prices have slipped back down to $2.26 again. I discovered a mistake I had made in the original calculations I used for my valuation. I did not have the correct number of shares in my calculations, which when corrected brought the original NCAV value down to between $2.51 and $2.85. Based on this latest 10Q I estimate the Net Value at between $2.42 and $3.03, definitely toward the higher end of the range. But it has growing Free Cash Flow and because of its micro cap status, no one is following it. The potential catalyst is a surprise in earnings or something that would catch an analyst attention. We will probably have to wait another quarter on this one to see much movement in the price.
Related Posts:
Comments
Leave a Reply
Subscribe to Chroma Investing
