BGFV Let's see at $7, that is a $150 mil mkt cap. But they have no debt and $56 mil in cash. With that, the market is really only valuing the company at just under $95 million. In the first 9 months of this year, they earned $35 mil after tax. Let's figure another $10 mil for Q4 (conservative), so $45 mil for the year. That gets it down to a PE of just over 2 with the cash backed out.
Throw in a great, debt free balance sheet, a planned stock buyback of up to $15 million which is over 10% of shares at the current price, a big dividend of 5.7%, and also the fact it is at a large discount to industry peers.
Sure does look like an undervalued stock to me.
