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Tigrent (Tigrent) Net-Net Working Capital : $-5.63 (As of Dec. 2010)


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What is Tigrent Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Tigrent's Net-Net Working Capital for the quarter that ended in Dec. 2010 was $-5.63.

The industry rank for Tigrent's Net-Net Working Capital or its related term are showing as below:

TIGE's Price-to-Net-Net-Working-Capital is not ranked *
in the Education industry.
Industry Median: 6.22
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Tigrent Net-Net Working Capital Historical Data

The historical data trend for Tigrent's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tigrent Net-Net Working Capital Chart

Tigrent Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.89 -9.61 -9.39 -7.42 -5.63

Tigrent Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.42 -7.41 -6.45 -5.45 -5.63

Competitive Comparison of Tigrent's Net-Net Working Capital

For the Education & Training Services subindustry, Tigrent's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tigrent's Price-to-Net-Net-Working-Capital Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Tigrent's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Tigrent's Price-to-Net-Net-Working-Capital falls into.



Tigrent Net-Net Working Capital Calculation

Tigrent's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2010 is calculated as

Net-Net Working Capital(A: Dec. 2010 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.992+0.75 * 0+0.5 * 0.262-77.772
-0-0)/13.0886
=-5.63

Tigrent's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2010 is calculated as

Net-Net Working Capital(Q: Dec. 2010 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.992+0.75 * 0+0.5 * 0.262-77.772
-0-0)/13.0886
=-5.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Tigrent  (OTCPK:TIGE) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Tigrent Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Tigrent's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Tigrent (Tigrent) Business Description

Traded in Other Exchanges
N/A
Address
1612 Cape Coral Parkway, Suite 33904, Cape Coral, FL, USA, 33904
Tigrent Inc through its subsidiaries provides practical, high-quality and value-based training, conferences, publications, technology-based tools and mentoring where customers acquire learning, can apply to accumulate wealth. The company offers training and mentoring on real estate, financial instruments investing and entrepreneurship in the USA, UK and Canada.
Executives
Steven C Barre director, officer: CEO 777 SOUTH FLAGLER DRIVE SUITE 1108, WEST PALM BEACH FL 33401
J. Hunter Brown director 20 OLD LANTERN DRIVE, WILTON CT 06897
Richardson Kevin A Ii director, 10 percent owner 200 HIGH STREET, SUITE 700, BOSTON MA 02110
Prides Capital Partners, Llc director, 10 percent owner 200 HIGH STREET, SUITE 700, BOSTON MA 02110
James E. May officer: Chief Admin & General Counsel 1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904
Murray A Indick director, 10 percent owner 200 HIGH STREET, SUITE 700, BOSTON MA 02110
James K Bass director 1612 EAST CAPE CORAL PKWY, C/O LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
Kingstown Partners Master Ltd. 10 percent owner C/O MOURANT OZANNES CORPORATE SERVICES, 42 NORTH CHURCH STREET, P.O. BOX 1348, GRAND CAYMAN E9 KY1-1108
Kingstown Management Gp Llc 10 percent owner 1270 BROADWAY, SUITE 1009, NEW YORK NY 10001
Kingstown Capital Management L.p. 10 percent owner 167 MADISON AVENUE, SUITE 205 #1033, NEW YORK NY 10016
Michael Blitzer 10 percent owner 1270 BROADWAY, SUITE 1009, NEW YORK NY 10001
Kingstown Capital Partners, Llc 10 percent owner 535 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Guy Shanon 10 percent owner 1270 BROADWAY, SUITE 1009, NEW YORK NY 10001
Allan D Weingarten director 136 OLIVERA WAY, PALM BEACH GARDENS FL 33418
Wallace L Timmeny director 1122 INTERNATIONAL BLVD., SUITE 601, BURLINGTON A6 L7L 6Z8

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