$145 Mil Market Cap
$30 Mil Cash
$28 Mil Credit
Breaking Even In Midst of Turnaround (Bottom)
Seeing An Actual and Fast Plan Execution on the Turnaround
Astro Gaming Itself Could Have Markey Cap Larger than $145 Mil
Hard to argue with the facts...
I would like to see some new products (wireless speakers etc) with solid marketing behind them, but that logically should be announced in the next phase of a turnaround plan of a streamlined company with carefully chosen distribution networks that have the highest upside potential. The call was very positive in my opinion and perhaps the best thing I've seen lately (outside of the great balance sheet) is that this company shows a plan being executed. Great value in this stock, and with the path the company is finally taking, I expect shareholders to realize some of that value.
The market doesn't seem to agree with your assessment right now.... If it drops far enough it becomes attractive as a take out candidate but they don't have enough time to turn this around.. Momentum is a wonderful thing when you have it... But is brutally cruel when you don't ... Reversal of fortune takes money, great products, great people, and lost if time... None of which they have right now
The market is reacting because it was hoping the company would turn the ship around in one quarter. The company is exactly on the course it described last quarter.
Without any debt, plenty of cash, plenty of credit, breaking even in the midst of this turnaround, I would say they have plenty of time. Enough time to do this right, which based on this last call I believe they are. Downside from these prices based on financials is very minimal compared to the upside.