NSI Nieuwe Steen Investments a buy for the Graham Defensive Investor?

The company is shifting strategy to office spaces.

EPS 0,33 Euro x 15 = 4,95 Euros

Book Value is 4,25 Euro

Graham Number is Square Root ( 4,95 x 1,5 x 4,25) = 5,6 Euro Graham Number

Stock Price = 3,78 Euros

Seems cheap. Dividend is 0,27/3,8 = 7% Pretty Good

http://nsi.nl/

See www.beterinbeleggen.nl for great companies.

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