The Microcap Speculator

My favorite new writer on RealMoney, Gary Dvorchak, just penned an article on 3 microcaps trading at or near cash.

Cryptologic (Nasdaq:CRYP) was a favorite of the growth stock crowd until the Feds clamped down on its clients — mainly online poker sites.   Its not profitable, but has $3.09 per share net cash.

Get trend analysis for CRYP from Ino.com

Radvision (Nasdaq:RVSN) develops internet video hardware and software.  The company has $6.00 per share in net cash.

Get trend analysis for RVSN from Ino.com

COGO Group (Nasdaq:COGO), previously called Comtech Group, is a Chinese contract manufacturer and designer of mobile phones and other electronics.  COGO has $3.00 of net cash per share on the balance sheet.

Get trend analysis for COGO from Ino.com

This is great research by Dvorchak. I’m adding all 3 to my watch list.  Here’s another stock that fits his criteria:

Paragon Technologies (AMEX:PTG) designs and sells automation solutions to increase the efficiency of manufacturers and distribution centers.  PTG has a measly market cap of $6.6 million, but $8.85 million in net cash.  It has 2 million shares outstanding, but a buyback program that has the potential to take half of those off the market.  Paragon lost money last quarter and has had mixed results over the last several quarters.  However, cash burn is limited and Paragon recently announced a big new order.  I bought shares on Wednesday between $2.95 and $3.00

Get trend analysis for PTG from Ino.com

DISCLOSURE: Long PTG.