Cash value ICS currently trading below cash value which is about
.072.
If their earnings were a little bit more predictable this would be a good thing, right now I think the fact that it trades this cheap relative to its liquidation value indicates very little faith that ICSs earnings will pick up. The last MD&A wasn't terribly optimistic. Not pessimistic but definitely very cautious.
I'd normally think this would be a good place to buy, but after those last earnings it probably just means the market has priced in future poor earnings.
They really need to solidify the bottom line, if they pick up new customers and start growing revenues then 5 cents would be a steal.
Guess we just have to see what the next quarter financials look like, I'm not expecting them to be much better than this last one. Still very speculative.