Despec: a net-net at 4x earnings

Despec (company website) is a Turkish company that distributes consumables for the IT sector. The full name of the company is Despec Bilgisayar Pazarlama ve Ticaret AS and the ticker is DESPC:IST. Annual reports in English can be found here. You need to click on “2012 Operation Report” and then you’ll be able to download […]

Stelios Kanakis SA

Stelios Kanakis (company website) is a Greek company that distributes ingredients for confectionery and bakery products. A listing of these products can be viewed here. The company uses two large distribution centers and a number of co-operative distributors to distribute the ingredients to the approximately 2150 customers (in 2012). No customer accounts for more than […]

MTI Wireless Edge

MTI Wireless Edge (company website) is a company based in Israel and listed on the London AIM market (ticker: MWE.L). MTI Wireless develops and manufactures antennas and antenna systems for commercial and military applications. The business was doing well in 2006 and 2007 and net income was around $4 million at the time. Revenue and […]