Yep looks like a shade under +$15M. I do find the whole "Imputed Cash Flow" less "Adjustments" approach quite strange, but then I'm not an accountant so I'm sure there is a good reason behind doing it this way! I guess it does allow you to get to an implied cash flow pretty easily and is actually a better indication of the performance than the actual change in cash at bank of $0.2M
The fact MLX has $125M in the bank, is generating $15M a quarter and only has a market cap of $245M is just nuts... OP will have to run out of ammo eventually, then we may finally see the SP actually reflect the value of the business... Although I won't complain too much as there's some good buying down here!
MLX Price at posting:
27.3¢ Sentiment: Buy Disclosure: Held
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