Very Undervalued - Expect more for the share priceI did a FCFF analysis, two stage model, and even with three years at 20% and having sales growth declining to 4% I got the current value of PHO at 1.36. This is also considering capital return is at 20%. Which PHO is currently beating, and will continue to beat due to the US $ revenue. I also found a swiss company at the $300 million sales mark in the same space growing at 4% and they still retained a 20% roe, so this looks very realistic. Now if we leverage the company and deploy that extra capital at 20% over the next three years, I got a price of essentially $1.80. Scalling up revenue growth for five years, slowly declining from 25% growth down to 4%, I was able to get a whopping $2.36. Considering even in the most conservative forecast is a double... yeah... this thing is really undervalued. I mean.... realllllyyyy undervalued........... So if a Swiss based vacuum measurement company comes by and makes us an offer on PHO. Guys, don't even DARE take less then $1.40 for this puppy. I don't want to get ripped off!