New Mechanical Stocks - 10/1/2010

A few new names made the list this weekend:

• GTIV - this is another of the many nursing home type companies to make the list (like AFAM and AMED). They were the ones that just bought ODSY (and in hindsight likely overpaid) so I am not a fan.
• NEP - Another of the plethora of smaller Chinese hybrids that seem oh so cheap. They are an oil and gas play in China. They actually interest me, but I am trying to stick to my strategy of buying MFI stocks with dividends.
• PSDV - they look like another of those bio tech companies that get a one time special payment and hit the charts. These some times have worked out, but generally too speculative for my blood.

The Calculation de Jour

NEP

Sign	Category	Value
+	Operating Income After Depreciation	60.07
-	Minority Interest - Income Account	4.78
=	Income for Calculation	55.29
	Diluted Shares Outstanding	31.158
	Share Price	6.40
+	Market Cap Calc	199.41
+	Preferred Capital	-
+	Debt in Current Liabilities	3.99
+	Long-Term Debt	-
	Cash and Short-Term Investments	45.67
-	Excess Cash	45.67
=	Enterprise Value	157.73
+	Property Plant and Equipment - Net	58.08
+	Receivables	23.99
+	Inventories	-
+	Other Current Assests	1.61
+	Working Cash	-
-	Accounts Payable	9.79
-	Current Liabilities - Other	1.03
=	Invested Capital	72.85
	Earnings Yield	35%
	ROIC	76%