Have watched VMG fall, reckon has hit bottom , short...

Have watched VMG fall, reckon has hit bottom , short consolidation , buyers are seeing value and starting to tip toe back in...
VMG p/e 1.00 has at least $170 m work in hand , nil debt, cash $23m , has restructured and sold non core assets , written off bad contracts...
It now has a clean balance sheet and has recently won $56m infrastructure contract, and last 6 months although still reported loss, it was smaller and as a result of discontinued operation that hemaridged VMG.
Management expecting to report profit next, the verdict is out whether this will be achieved, but under 3 cents I believe as a contrarian investor I see heeps of value.
Compare SWL , NFK reasonable good balance sheets unfortunately also had some down grades, these stocks around 70 cents with order books below $900m....
compare
VMG order book $170m nil debt cash $23m Pe 1.00 2.6 cents
SWL , NFK order books approx $900m approx 70 cents

I see value, however you must treat it as a spec and not put the house on it.....