While revenues grew 5.7% and margins expanded 458bps, both were below expectations causing the shares to drop 22% to $0.82/share.
The main problems were a slowing truck industry and issues with suppliers in the electronics segment.
Cash on hand is $0.41/share and working capital another $0.90/share.
Forecasting slower revenue growth and lower margins leads to a valuation of $1.10/share. If shares dip below $0.70, I would recommend building a position as it would offer an attractive risk-reward profile.