The major anchor seems to be debt of $76m as at 31 Dec 07 (now likely $73m). debt plus MC of about $170m still looks a fair deal though.
Position is similar to companies such as BPT where market has written them down despite great cash-flows. Basically they need to start returning profits to shareholders to rise much in the current market climate.
Seems to be a good deal though at around these prices - but so are SAE, SEA, STU, INP, TDO, BUR, BPT, ARQ................
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