I need to listen to the CC again, but when they were giving out their pre-tax net income guidance for their 3 non-capco divisions in 2006...I calculated fully-taxed earnings of .20/share! Cash position should be around $2/share by yearend.
I don't understand the current valuation at all. But I will keep accumulating in the low $2's because we're basically getting 3 rapidly growing, very profitable businesses...for free!