Tech Data: A New Net/Net
Widely swinging markets typically reveal new net/nets, and a "bigger" player (not saying much in net/net land), among the biggest we've seen in the past decade, just hit the radar:
Tech Data
Ticker: TECD
Price: $28.8
NCAV: $1.639 billion
Market Cap: $1.45 billion
Cash $468 million
Total Debt: $422 million
P/E: 10.7
This Clearwater Florida based company distributes hardware, software and networking equipment, and provides services such as training and technical support.
As always, do your own homework before taking a position in any company.
Disclosure: The author does not have a position in Tech Data.
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