Automodular I would not get too bullish here. Exit costs $6 million probably excludes head office wind up which could add. Need to understand residual cost of leases at plants and head office. $27 million cash plus wind up working capital of more or less $8 less exit costs of $6 leaves $29 with $20 million shares outstanding. Add after tax profits for 1 year less recent dividend. Quality hard to maintain during close out - could be costly. Perhaps $4 to $6 million net income over next year. Final analysis - $33 million realized or $1.65 per share more or less.
Lots of risk but no further upside. I would be a buyer below $1.25 plus or minus but would not expect huge return.