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Great example of this is ANDS. I own this and it has zero products and $45M in cash with a quick burn rate. They have gone from $1.50 to $2.86 today. I am tempted to get out and take the small loss and average down into SUPG.
That's funny, ANDS was one of the dozen or so stocks that are trading deep under cash I track. I noticed the big move up, now at near 2x cash.