In the GFC there were a number of companies I noticed that dropped to very close to their cash backing.
BRM for example was one of them (it's market cap traded at less than its cash in the bank value at the time due to a recent cap raising) and it is now trading at many multiples of its rediculas low in the GFC.
I'm looking to start a watch list of companies which are fully funded with large cash holdings so if another significant correction occurs at some point I have a watchlist of cashed up companies that might become bargains and oversold!
