Alba sell electronic consumer goods. Alba’s UK Consumer Electronics Division incorporates brands, such as Alba, Bush, Goodmans and Grundig. The numbers when I bought were:
debt/equity = 0.34
price/book = 0.2
price/tangible book = 0.2
price/net current asset value = 0.31
So by all accounts it’s pretty cheap. Let’s see if the management either burn all the cash and justify the current valuation or they turn a profit and so do I.