Trading at 5x earnings Stock is trading at 5x earnings, 4x EV/earnings, and about 1/3 of market cap is in net current assets. They still got about $2 million in NOLS, so not tax payer until entire market cap is in cash.
Their insurance end market is north of $20 million or $6 million (depending on how you look at it) while revenue for that segment was only about $1.2 million last year. And very limited competition. Return on capital is high, margins are high, with room for growth..
10x earnings with no growth, and this is a double. By the end of this year they will probably have 30-40% of their market cap in cash. And management isn't robbing the company even though they could. What am I missing here?