A US micro-cap with incredible asymmetry

Stock trades just above the value of its cash, but the cycle is about to turn...

Hello, Ultimate Value readers!

I am back with a quick idea. This is a left-for-dead US stock that’s trading slightly above the value of its net cash.

The setup presents an incredible asymmetric return profile given the downside protection.

The market thinks this company is broken, but I think the stock will do very well once the cycle turns. And I think that will be soon.

Let’s take a look.