$6.20/shr of excess cash after 2:1 current ratio. That could earn $.62/shr if deployed and it earned only 10% ROE. The stock is selling at 10.7 times 2014 earnings and 9.7x next years earnings--far too cheap. UFPT has upside to $30/shr short term which is 13x 2015 earnings --below a market PE. Thye earn better returns that the SPX. Go figure.