$0.32/sh in cash generationDecent quarter and the story is intact. They posted a good quarter despite intense competition. Seems management is blocking and tackling well. Although results were below the street, I would say that expectations missed earnings, not the other way around.
$0.32 cents per share in operating cash flow in 2016. Even if that number doesn't grow, all debt is paid off in 3.5 years. All of that value accrues to the equity.
$0.32/$1.47 share price is a 21% cash flow return to equity annually, without factoring potential growth.
Commentary on 2017 sales initiatves is encouraging and apparantly Robert Briscoe has already begun luring talent from competing businesses.