I just bought into this today. Management has proven themselves capable, cash flow is good overall, no debt, fragmented niche market, good balance sheet, no debt and a solid dividend to collect while we wait for either better growth/dividends a head or a buyout. That's the beauty of this company, they can win in either direction.
This company is very similar to one I watched and traded in and out of about 11 years ago, called Barbeque's Galor. Similar size, cash flow, balance sheet, niche market...etc. They eventually were bought out for nearly double their share price. Potential exists here for a similar type buy out, though probably not a 100% permium in this economy...
In the mean time, it looks like it's worth the investment.
This company showed up in a stock screen I did on Fidelity. At that time the stock was around $4.00 / share, and I'm happy to say I picked up a good chunk then. Kind of lucked out when they said they would double the dividend this quarter, because it went up 23% that day.
I love micro caps that pay a dividend. It means the board knows what they are doing, and they are in it for the long term.