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Hidden value

|Includes: Qumu Corporation (QUMU)

Last week I saw an automatically generated article about insider buying.. and it mentioned RIMG.
The purchases were pretty tiny, 100-2000 shares, but then again, so is the daily volume.

In any case, it made me look a little closer at the company.

Market Cap is ~ 146million at $15.25/shr
Cash, end of Sep10, is $106 million.

NO debt.

Basically, you have a $40million valuation on the enterprise, which generates around $0.75-1.00 earnings.  

What P/E does that give you?

The company is not recognized by the stock market, plain and simple. 
With no dividend, almost no analyst coverage, no 3rd party IR, and a small market cap.. no one is watching right now. 
This is usually a good time to get in.