Last year, Deswell Industries was discussed on this site because of its cheap price relative to historical earnings. Unfortunately, a number of risks were also discussed, and these have continued to plague the company. The good news for potential (as opposed to actual) shareholders, however, is that Mr. Market has continued to lay a beat down on this company, wiping another 40% off the market cap in the last year.
Deswell is now firmly in net-net territory, trading at a discount of about 40% to its net current assets. Whopper Investments has a more recent article discussing the potential gains and risks Deswell shareholders face here.
Disclosure: No position