RE:Superb EarningsAt the end of the day the one thing I focus on is the ability to generate cash. Over the last quarter the company increased its working capital by almost $8 million and its cash on hand by almost $4 million. Impressive. The company seems to be well positioned to capture opportunity at a time of weaknesss and should be valued higher than it is today. The last financials had 122 million shares, and assuming the options are all in the money, they would have 131 million shares and $13 million more cash from exercise. so the working capital could be as high as $0.74 per share. The EBITDA. $10 million of EBITA annualized, and use a multiple of 10x for a growth company, is $3.05, plus $0.75 of working capital. With much bigger growth projected for Q4, the baseline should be $4. JMHO