John DiStanislao

Dry Clean USA: Deep Value in this Micro Cap

Hi el duderino

My enterprise calculation was as follows;

I used the 10k filed on 09/23/09 for the 06/09 year end results.

Price = 1

Shares outstanding = 7,033,804 (10k)

Cash balance = 5,560,954 = .776 per share

Total Liabilities = 3,068,193 = .4362

EV = 1-.776+.436= .66 or .66 ( 7,033,804) = 4.642,311 (rounding)

Market cap of 7,033804 – Cash of 5,560,954 +total liabilities of 3,068,193 = EV of $4,451,043

Note: customer deposits are $1,847,822 and were included in the total liabilities of 3,068,193