Ze fundamentals $40 million market cap. less $25 million positive working capital = ~$15 million enterprise value
Last quarter we cash flowed about $5 million.
Pretty straight forward math here folks, we are trading at .75x forward cash flows (in other words, even if we go bust in 2014 because we don't get a new contract, if we can maintain cash flows for the next couple years, we are still looking at 63% return.. ~8 quarters before the hypothetical "bust" x $5 million / qtr = ~$40 million + $25 mln working capital today = ~$65 million, also factor in some break up value and we're worth at the absolute minimum ~$3.50 / share in two years time, I'll take a 75% return over 2 years anytime I can get it).