No, price is 7.74 and cash per share is only 2.719, cps needs to be real close to or more than 7.74, book value is way over at 24.52 and debt is zero which is great but the cash is short.
The idea is to buy their cash for less than face value and get the company for free. These may be rare during regular markets but during fear and panic drops, it's amazing how many show up.
The idea behind this board is to build a collection of stocks to watch during major dips that can be had at very little risk. Example: MPET http://finance.yahoo.com/q/ks?s=mpet this stock doubled from .55 in Dec to 1.10 in May. Assuming that a stock price will at some point return to at least the cps value (especially with no debt and an even higher book value) then it's probably a fairly safe bet for profit.
MPET is now at .95 cents with cash per share at .788 and still no debt but would be a good one to watch during major market dips, although due diligence is always required.