Cheap? Yes in my view. Cash flow for the first quarter of the year was $2.5m, annualised would be $10m, with a capitalisation according to Comsec of $13m (I have not checked this number but assuming it is correct), resulting in a very low P/E. Not much over one. Plus all the positives mentioned above, CSD looks very very cheap and ready for a total rerating.
Am I missing anything?