Drinks Americas Holdings, Ltd. (DKAM)

[Toxic Avenger]

Maybe this will help:
Hansen has over $250 million in cash on the books at the end of the year
They sold over $1 billion in beverages last year, and their sales are increasing.
Their gross margins are over 50%.
They have working capital of positive about $380 million
They switched distributors for which they paid $118 million and will receive $113 million. However, because of accounting rules, they recognize the entire payment in one quarter, and the revenue over the life of the agreements of about 20 years.
Including that one time write-off, they still made $163 million for the year. Excluding it, they made $280 million.

Interestingly, despite their strong balance sheet and income statement, they sell for roughly the same multiple of sales (about 3) that DKAM does.