Cheap valuation, good cash flow, diversified through acquisitions. Even without an MRAP 2 win, CRDN is still cheap based on current products.

Large backlog by US Govt and military relative to market cap, which is surprising because ANTP has no debt and has not tapped its LOC in recent history. Relatively heavy insider buying on the open market.

Market is discounting this stock almost to the value of cash holdings. XJT is indeed burning cash to support its independent brand, but I don't believe management is dumb enough to run this into the ground like FLYi. They are profitable in their contracted flying business, and the low stock price makes them a buyout target in an industry ripe for consolidation.