ASC Have no debt. As at Dec End they had 200k 0f short term...

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