Receivables due from customers less doubtful accounts: $204M
Inventory (at lower of replacement and fair value): $450M
Total Liabilities: $407
The company's cash+A/R+inventory less all liabilities add up to $265 million. Note that this barebones minimal valuation excludes the company's relationships with customers, its manufacturing facilities, and other intangibles which make this a profitable company. Yet as recently as Monday, the company traded with a market cap of just $120 million!
Though we cannot predict which companies will beat/miss analyst expectations by a few pennies, we can still determine which ones have minimal downside and plenty of upside. The AM Castles in this market are a-plenty, for those who are willing to search, analyze, and invest against the prevalent fear that persists in today's market.
Disclosure: Author has a long position in CAS