I goes up a lot or becomes a takeover target. Too much cash and earnings potential.
If they can earn $1.80 in the next 12 months, subtracting the company's huge hoard of cash $5.30 from its $17 price, this company is trading at an effective P/E of 6.5. A fairer multiple should be 12 or so. 12 x $1.80 + $5 cash = $26.60