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Ennis Inc. (EBF) shares have been on an excellent run since May of last year. This stock came across our radar due to the strength of its balance sheet. Famous value investor Benjamin Graham stated that if a company's current assets are higher in value than the total amount of liabilities, this means the investors basically can pick up the firm's long-term assets for free.
Ennis, for example, reported $144 million of current assets in its latest report. These assets were comprised of mainly cash and ST investments ($61.3 million), receivables ($45 million)