uptrend,making money, small cap, page-2

ASC Have no debt. As at Dec End they had 200k 0f short term borrowings. As at last Quarter they had $11.8m in cash. Cash fow was $5.2m after capex and expected to be $6m plus this quarter. Business will have $18m of cash on balance sheet by June end. Market cap is only $70m. Therefore, EV = $52m off $25m of current FCF. Trading on 2x cash flow. If the Company trades up to the market average of 6.5x then the stock should be trading at $0.57 cents.

IMHO I think this is worth holding in the portfolio