For context, they have WELL over $100M in cash floating around.
That's over $2.00 a share in cash.
Last fin year, they generated 22M in free cash flow. That's circa 45c a share.
Short of Covid 2.0 happening, or something similar, $1.36 isn't going to happen.
The gap at $3.05 is highly possible however, and would be a great time to back up the truck...
Ill let you Mr Dark Bulb, explain to us all why a company with circa $110M available, and $22M a yr in FCF (prolly more like 30M next year), is only worth 65M (Rough MC at your $1.36 target).
Cash in India is still growing. I've posted multiple official sources proving this.
Maybe in 10 or 15 years time it will be an issue, but between now and then, this company will print multiples of its current MC in EBITDA, and even FCF...
Not to mention that India's GDP is still pretty robust, growing at circa 7% a year. That means the country will double in size over the next 10 years....
FND Price at posting:
$3.38 Sentiment: Buy Disclosure: Held
