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Astrotech Is Still Significantly Undervalued Despite Recent Move

I'll admit, I wasn't feeling too well about my investment in Astrotech (NASDAQ:ASTC) around this time last week. A delayed 10-K is almost never a good sign and the stock's recent slide spun me into a heightened state of paranoia that something nefarious was going on.

So no one was surprised as me when Astrotech finally reported its fourth quarter results: net income of $2.2 million, or $0.11 per diluted share on revenue of $9.2 million compared with a fourth quarter fiscal year 2012 net loss of $1.3 million, or $(0.07) per diluted share on revenue of $7.6 million.

Not bad for a stock that closed at $0.67 the day before.

Needless to say, the market reacted swiftly,...

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