Charle Co is a Japanese company that sell women clothing and cosmetics. The share is trading close to net cash and negative enterprise value. Strong balance sheet. The company is profitable and has a decent history of dividends.
I took a small position at P/NCAV 0.68 earlier today. The share will make a nice addition to the portfolio.
Below are the first trades for the portfolio. All stocks were priced low compared to their net current assets at the time of purchase.
|Boom Logistics Ltd
|QC Holdings, Inc.
|I-O DATA DEVICE
* Includes Plant & Equipment