I believe it's undervalued from a free cash flow valuation method. Read my previous posts here. But, there is no analyst following the company, it's thinly held, and been subject to a short raid to the tune of almost 500,000 shares that started last June. Someday they will have to buy back the shares. If you read the 10Q from the last quarter you will get a better feel for the direction of the company. I believe in their future and that the share price next year at this time will be significantly higher.