Evans & Sutherland Computer Corp. (fka ESCC)

[geodan]

It is very cheap. Almost for free. They have thought about buying stock, but maybe 6 months of a year away would be better, build up some more cash.

the EV/EBITDA is silly, about .5 but they have pension "debt" that does not count in official debt, paying out $1 million plus a year, goes away in think 6-8 years. All and all looks like great investment.

Other

In 2019, we expect capital expenditures similar to 2018. There were no material capital expenditure commitments as of December 31, 2018, nor do we anticipate any over the next several years.

Our Board of Directors has authorized the repurchase of 1,600,000 shares of our common stock. As of March 8, 2019, 463,500 shares remained available for repurchase under the plans approved by the Board of Directors. No shares were repurchased during 2018 or 2017. Stock may be acquired on the open market or through negotiated transactions depending on market conditions, share price and other factors.

They are authorized to do it, just a matter of timing.