First the stock is cheap based on free cash flow but not on GAAP earnings. Check out their last quarterly report on their web-site. Secondly paying out dividends is not in their business model of using cash to grow the business through new products and investments. You should read thru their 10K also available every quarter on their web-site. I own alot of this stock and do believe it will be a $10-12 stock in the next two years.
The stock is cheap because nobody knows what it is or how to analyze it. All the assets from the original DFR have been sold, other than the money management business. It will be impossible to estimate earnings until the company reports quarterly results that reflect the new corporate structure. I guess we have to assume that new management knew what they were doing when they bought into the company (at $6/share I think). I tried to find out when they plan on reporting earnings, but nobody I spoke to knew. Not a good sign.