In a normal market i wouldnt hesitate to apply a p/e of 25-30, in consideration of the current economics a more realistic application might be closer to 5-10. Either way many of us here know the potential growth of this company going forward, including the fact that they remain strong, have cash, and virtually no debt. Although the stock never quite met expectations this year, the company did. I believe these actions will be rewarded, especially if management stays the course. I think growing what we have now, (flotec,elec,mako,) will be beneficial , focusing on cost of sales , margins , ect.. eventually as market conditions improve, another addition to the team will be likely and will of course change the whole game, Again.
I think thats the hardest part of putting a value on dpdw, as they have changed so much, in less than 2 years. Mr. Market is starting to see how the whole package is working together with this past qtr having a full spectrum of numbers to work with. The fact that they are now putting some solid roots in place, is also adding value. Imo we will be looking at a much stronger and improved dpdw, going into 2009. The hardest part is being patient, as we wait to see the company reap its rewards, from all that it has sown, but i think investors will begin to become pleased as we go forward and the true value of this company is finally recognized(JMHO)