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Electronic Systems Technology (ELST.OB) – A Profitable Business for Free

By asues on Wed, 2011-03-30 08:20
(via www.valueuncovered.com)

Electronic Systems Technology (ELST) reported annual results for 2010. The stock trades at only 1.3x EBIT and continues to stockpile excess cash, making for an excellent value investment.

With the latest drop down to $0.42, the stock now sells below its net cash position despite earning average 5-yr ROIC of ~25%.

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