Walter Schloss Would Have Bought This

A deep value nanocap trading @ 0.63x BV with a market cap almost entirely backed by cash.

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This is the most mispriced nanocap I’ve come across this year.

This U.S.-based deep value situation has:

• A market cap almost entirely backed by cash

• Zero LT Debt

• Net working capital that exceeds the entire EV

• And it’s still buying businesses and cutting costs

The kicker? The stock trades at 0.63x adjusted book value after removing goodwill and intangibles — implying the market assigns zero value to the core business.

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