Wednesday, February 27, 2013

Geeknet (GKNT) Reports 4Q'12 Results

Geeknet (GKNT) reported 4Q'12 results prior to the market opening today (02013.02.27) and I thought they were good. In a nutshell, Geeknet is ThinkGeek, which makes it an e-commerce company. GKNT closed yesterday at $15.27 and today it opened down 1.4%. Owning stock in Geeknet has become beyond frustrating. From the company's 4Q'12 press release: "Total cash and investments at the end of the fourth quarter 2012 was $57.3 million." There are ~6,556,000 GKNT shares; therefore, the company's cash position is ~$8.74 per share. Current ratio: 4.9. Price-Sales-Ratio (PSR) is ~0.83.

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