Net Current Asset Value – Watchlist Wednesday

Watchlist Wednesday: Net Current Asset Value by Mitchell Mauer

This article appeared first on The Stock Market Blueprint blog.

In this edition of Watchlist Wednesday, we highlight five of the top stocks qualifying for the Net Current Asset Value (NCAV) screen.

NCAV is a stock-selection strategy developed and implemented by Benjamin Graham as discussed in Security Analysis and The Intelligent Investor.

Net Current Asset Value - Description

Warren Buffett nicknamed it the "cigar-butt approach" because “a cigar-butt found on the street that has only one puff left in it may not offer much of a smoke, but the ‘bargain purchase’ will make that puff all profit.”

The screen finds stocks trading for less than the difference between current assets minus total liabilities. There is no regard given to...