Zero LT debt. That means you are buying the earnings stream for 3.76. Even if CELM missed 2011 guidance and came in at say $0.90 EPS, that puts the effective forward PE at 3.76/.9 = 4.2.
This is from a firm that is producing cost effective products in a rapidly expanding economy. Show me another firm with no LT debt that even comes close to this incredibly low valuation. I want to know about it.