I would like comments. They have $21mm of CR and $73mm of CA. With 2/1 CR, they havr $32mm of excess cash. The CR takes in their longterm debt. $32mm divided by 6.4mm shares is $5/shr. Subtract that from the stock price as it is severable cash. We are earning $1.50. The adjusted stock price is 11.50. We are selling at 7.8 times eps and a crazy low 4 multiple of EBIDTA. I just hope they do not decide to go private.
BTW the door panel biz is now only $7.2mm annual rate and according to them, the lowest margin biz they have. It will not be a factor in eps. I still do not see why the stock sold off. If folks think this is a sequential biz, thy do not get it.