Emerson Radio A Value, But Limited Customer List A Risk

Emerson Radio Corp (NYSEMKT:MSN) currently offers Benjamin Graham style net-nets value, a trait that is hard to find in today’s somewhat overstretched market. Emerson recently reported fiscal Q1 2014 results that showed a year-on-year fall in revenue of 46%, however, revenue expanded 7.4% from the previous quarter. Gross income and gross margins fell by around 46% and 100 bps respectively YoY. Still, Emerson Radio Corp (NYSEMKT:MSN) is on sale and currently, most of the company’s assets can be brought for nothing. Emerson Radio’s assests At the end of the last reported quarter, the company had $61.3 million in cash and short…