A Cigar Butt Worth Smoking: A Deep Value Relic That Would Raise Ben Graham's Eyebrows

A $27.2 Million Market Cap Trading at $3.20 per Share With $7.60 in NAV, an EV of $3.6 Million, and a DCF Price Target of $5.60 per Share.

In today’s market, it’s rare to find an overlooked business that has a clean balance sheet, real assets, a decades-long operating history, strong brand identity, and a deep disconnect between the company’s price and their intrinsic value. Imagine a company with no debt, plenty of cash, and an inventory that could be liquidated quickly. Despite all of this the company trades like it's circling the drain. Even with modest assumptions, its underlying worth could be nearly double its current valuation. On top of that, this company is still profitable and generates cash. If you’re someone who appreciates the early Warren Buffett, cigar-butt kind of investing—this is it. I’ll walk you through the financials, the discounted cash flows, changes in the boardroom, and yes, the risks that come with it. If you’re hunting for extreme value that’s off the radar of most analysts, you’ll want to pay attention to this one.