Very few companies can boast a string of growth in Cash & Equivalents over the past four years (2008-2012), but VIFL can. Consistent growth in revenue balanced with modest growth in capital equipment equals a formula for an even stronger balance sheet in the future. Management will be able to withstand a downturn in its industry and have cash on hand to deploy when no one else has the ammo.
Growth quarter-over-quarter is generally consistent in a sector (product irradiation) that will continue to see growth. The PEG ratio, a propos for a micro-cap stock with no debt, is about one-fifth less than my personal growth forecast of 25% (conservative) and half of a possible growth rate of 40% (optimistic).