The Deep Value Week – 2025/30
Reverse Split and New Contract
Market: 4
Companies mentioned:
· Asia Pacific Wire & Cable (APWC) - to Hold 2025 AGM and Propose Reverse Stock Split
· Natural Alternatives International (NAII) - Signs Multi-Year Manufacturing Agreement with Juice Plus+
· Manitowoc (MTW) - Achieves Perfect Score in CMMC Level 2 Cybersecurity Certification
“Graham’s Geiger counter”
Benjamin Graham suggested that one way to measure the valuation of the overall market was to assess the number of net-nets available. When many such opportunities exist, it indicates a cheap market overall, while their absence suggests that the market is expensive. Today’s net-nets, however, are not the same as Graham’s net-nets. Many are un-investable being Chinese RTO’s, loss-making biopharma’s etc. But we do think it is interesting to follow this number over time, and what percentage of total listed stocks qualify as a “naked” net-net without any type of quality adjustments to make them investable. Below is a net-net screen from Stockopedia.
Asia Pacific Wire & Cable (APWC) - to Hold 2025 AGM and Propose Reverse Stock Split
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Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) announced it will hold its 2025 Annual General Meeting on September 9, 2025, in Plano, Texas. Shareholders of record as of July 31 will vote on several key items, including electing up to seven directors, approving director compensation, ratifying PricewaterhouseCoopers Taiwan as auditor for FY2025, and authorizing a reverse stock split of the company’s common shares. Financial results and an investor presentation will also be presented at the meeting. APWC, headquartered in Taiwan and incorporated in Bermuda, manufactures and distributes enameled wire, power cables, and telecom products across several Asia-Pacific markets. The company also provides engineering services and distributes third-party products.
Natural Alternatives International (NAII) - Signs Multi-Year Manufacturing Agreement with Juice Plus+
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Natural Alternatives International, Inc., a U.S.-based manufacturer of customized nutritional supplements, has extended its long-standing partnership with The Juice Plus+ Company through a new multi-year manufacturing agreement. The deal covers the production of Juice Plus+ capsules and powder products distributed across more than 24 global markets. Both companies emphasized their shared commitment to quality and innovation, with NAI highlighting its full-service capabilities ranging from scientific research and proprietary formulations to regulatory and international registration support. The company cautioned that the agreement involves forward-looking statements subject to risks and uncertainties that may impact future outcomes.
Manitowoc (MTW) - Achieves Perfect Score in CMMC Level 2 Cybersecurity Certification
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The Manitowoc Company, Inc. (NYSE: MTW) announced that its subsidiary Grove US LLC has earned Level 2 Cybersecurity Maturity Model Certification (CMMC) from the U.S. Department of Defense, achieving a perfect score of 110. This positions Manitowoc among a limited number of defense contractors meeting the new, stricter CMMC requirements introduced in December 2024, aimed at securing Controlled Unclassified Information (CUI) across the Defense Industrial Base. The certification demonstrates Manitowoc’s commitment to cybersecurity and strengthens its eligibility for DoD contracts.
The writer may own shares of the companies mentioned. This communication is for informational purposes only. AI helped us with this. Check important info.