this is a good discovery.I have FDY trading right now at 3x.(A...

this is a good discovery.

I have FDY trading right now at 3x.
(A lot of posters have it trading at 4x).

I always look at the enterprise value .. which is the market cap minus a cash position .. so $13mill market cap (at 23cents) - $3 mill cash (it has $3 mill in cash) = $10 mill

It made a net profit > $3 mill FY 2007.. so is trading at a p/e of 3x right now!
This just needs a small cap fund manager to buy into it and the price should double.
Only the small retail investors have spotted this one and good on them.