SMDM (The Singing Machine), grew net sales 90% versus the same quarter last year from $8.7mil to $16.7mil, and earnings grew to $1.4mil vs. $150K the previous year's same quarter. Now the trailing P/E ratio is below 3 if you back out their pile of cash. The small company has NO debt, too. Over the last 3 years, annual revenues have grown from $19.1mil in 2010 to $25.9mil in 2011 to $34.1mil in 2012. With this kind of growth, this company does not deserve a low-single-digit P/E ratio. This stock is way undervalued.