TheStreet.com RealMoney

Still Sifting

By Tim Melvin

 About this article:
 Lots of readers have been asking whether I can still find stocks trading below book value with cash balances close to or even surpassing the current market value of the company. I'm finding some, but nowhere near as many as were cropping up at the first of the year. As the market has moved higher, many of the stocks have traded higher and are no longer a net-net or net cash bargain. I have also found that the search has gone way down the market capitalization ladder. Many of the companies I am turning up are far too small to write about here. (Enterprising readers should be able to find these names themselves by running screens for below price-to-book and high current ratios.) I've also noticed that more and more foreign companies are showing up on these screens. I have not been a huge buyer of foreign...

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