How fickle can the markets be! With the current meltdown in...

How fickle can the markets be! With the current meltdown in share price, the market capitalisation of BID would be around 69 million. They have cash of 16.5 million. Take cash off and market is valuing the business just above 52 million, for a business which has done revenue of 14.6 million- giving the business a price to sales ratio of around 3.5. With a gross margin of 27%, the company will soon turn cash flow positive. In my reading, this is a decent result and the company looks like a screaming buy!