Anyone have any thoughts on the results. Seems like a bit of an...

Anyone have any thoughts on the results. Seems like a bit of an overreaction. I have the following back of the envelope calculations:

Multiple Analysis Low Base High
Earnings 2014 $2,500,000 $3,000,000 $3,500,000
Multiple 12.5 15 17.5
Value $31,250,000 $45,000,000 $61,250,000
Per Share $0.19 $0.28 $0.38
Plus Cash $0.26 $0.26 $0.26
Total Value $0.45 $0.54 $0.64
Upside 20.61% 43.20% 69.90%

I've worked through a conservative DCF also and get around $0.46 working on FCF of $2.5m