Perceptron: Margin of Security and Improving Visibility
Tom Armistead submits:
Perceptron (PRCP), at Friday’s closing price of 3.70, offers a good combination of margin of security and increasing visibility. Tangible book is 6.19, while excess current assets amount to 3.61 per share.
An adequate recovery in the company’s business (hammered during the downturn) would put the share price up around 7.50, a doubler from where it lies. It is small – market cap stands at 34 million – but it’s sturdy and does business with major players.
Investing, Long Term Investment, stock market | admin February 16, 2010
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