Benjamin Graham Net Net Cheap Stock Valuation Spreadsheet

Ticker 1

ADGF

Numbers from 2008/09

Numbers from 2008/12

(Numbers From ADVFN) Figures in Millions except per share values

$ $ $ $ $ $ $ $ $ $ $ $ $

Cash & Equivalents Restricted Cash Marketable Securities Accounts Receivable Other Receivable Receivables Inventories: Raw Materials Inventories: Work in Progress Inventories: Purchased C omponents Inventories: Finished Goods Inventories: Other 

Inventories -- Total Total Liabilities Shares Outstanding

Net Net Working Capital $ Current Market Cap/Share $ Discount to Liquidation Price

Ticker 2

Net Net Value $ 8.80

$

12.90

Figures in Millions except per share values

Inventories: Raw Materials Inventories: Work in Progress Inventories: Purchased Components Inventories: Finished Goods Inventories: Other 

$ $

13.20 11.20 6.51

Inventories -- Total Total Liabilities Shares Outstanding

Total Per Share 23.70 $ 3.64 17.12 $ 2.63 28%

Inventories: Raw Materials Inventories: Work in Progress Inventories: Purchased C omponents Inventories: Finished Goods Inventories: Other 

Inventories -- Total Total Liabilities Shares Outstanding

$ $ $ $ $ $ $ $ $ $ $ $ $

Net Net Value $ 212.20

$

0.38

$ 1.80 $ 56.40 62.89

Total Per Share 157.98 $ 2.51 89.93 $ 1.43 43%

ASYS

Ticker 4 (go to SEC for accurate numbers)

Numbers from 2008/12

(go to SEC for accurate numbers)

(Numbers From ADVFN)

BV BV User Input Multiplier 13.50 x1 14.80 9.30 x 0.75 9.30 2.00 3.10 x 0.5 depending on type of  0.50 inventory 5.00 12.20 18.95

Net Net Working Capital $ Current Market Cap/Share $ Discount to Liquidation Price

BV BV User Input Multiplier 212.20 x1 0.50 x 0.75 0.50 1.90 x 0.5 depending on type of  1.70 inventory 3.60 56.40 62.89

Net Net Working Capital $ Current Market Cap/Share $ Discount to Liquidation Price

(Numbers From ADVFN)

Cash & Equivalents Restricted Cash Marketable Securities Accounts Receivable Other Receivable Receivables

$ $ $ $ $ $ $ $ $ $ $ $ $

Cash & Equivalents Restricted Cash Marketable Securities Accounts Receivable Other Receivable Receivables

DRAD

Figures in Millions except per share values

(go to SEC for accurate numbers)

(Numbers From ADVFN)

BV BV User Input Multiplier 8.80 x1 17.20 x 0.75 17.20 x 0.5 depending on 12.00 type of  14.40 inventory 26.40 11.20 6.51

Numbers from 2008/12

TRID

Ticker 2 (go to SEC for accurate numbers)

Net Net Value $ 28.30

$

6.98

Figures in Millions except per share values

Cash & Equivalents Restricted Cash Marketable Securities Accounts Receivable Other Receivable Receivables Inventories: Raw Materials Inventories: Work in Progress Inventories: Purchased Components Inventories: Finished Goods Inventories: Other 

$ $

2.50 12.20 18.95

Total Per Share 25.58 $ 1.35 18.95 $ 1.00 26%

Inventories -- Total Total Liabilities Shares Outstanding

$ $ $ $ $ $ $ $ $ $ $ $ $

BV BV User Input Multiplier 38.40 x1 0.50 21.50 x 0.75 21.50 5.10 x 0.5 depending on 10.40 type of  0.80 inventory 16.40 27.10 9.1

Net Net Working Capital Current Market Cap/Share Discount to Liquidation Price

$ $

Net Net Value $ 38.90

$ 16.13

$ 8.20 $ 27.10 9. 1

Total Per Share 36.13 $ 3.97 29.86 $ 3.28 17%