This Stock Has 60% Of Its Market Cap In Cash
NETGEAR stock is a net-net.
A long bull market has left few ‘net nets’ listed on US exchanges. But on Friday, the group received a surprising new entry.
With cash and short-term investments totaling nearly 60% of the market cap, and liquidation value 30% below the current price, there’s considerable margin of safety in NTGR stock.
Significant questions surround the business model and management. But that’s par for the course with net nets.
At such a discounted valuation, it wont take much for the stock to find a rally.