I was happy to add to my position this morning. The stock is being given away at these levels. The company is growing solidly and has no debt. NVEC's NET CASH is $4.83 per share, meaning that at current levels, the price of NVE's business is only $17.68 per share. If we assume (conservatively) that earnings over the next 12 months will be $1.40 per share, the forward P/E ratio of the business is only 16.07! Even if the country is already in a recession, that represents phenomenal value for a profitable company that's growing solidly.
Once the overall market settles down a bit, this stock will move up sharply. And when earnings are announced next month, a move to the mid-$40's is definitely possible.