I don't disagree with everything you've said, but I do disagree with your comment about Fredy not creating shareholder value. The company ran losses for 2 years before he became CEO. Since he took over, we've had 6 consecutive quarters of profit. Cumulative pre-tax profit for those 6 quarters was just north of $1.5M. That's shareholder value in my books.
If you're one of those guys who only equates market cap with shareholder value, then I'm sure you'll want to go out there and buy a company with a 50 p/e. That'll be great value for you.