RE:Debenture redemption will add $11.5 million to Cash flows
Having taken the debt out, we need to see that the Revenue does not keep decreasing and that the new business sales continue to grow. EPS should firm at 50 cents per quarter or $2 per year.
Even at 10x PE ration, that equates to a $20 per share. For growth and minimal debt the ratio will expand suggesting an even higher price.
They now have accumulating Cash and can be buying back shares, or increase dividends.
They can now also make some meaningful acquisitions to start increasing revenue.
All looking good to me. Good Luck longs.