A few observations. GLAD is trading below its book value, currently at price to book (P/B) ratio of 0.96. They've been in this territory for a few quarters now, with the valuation dipping below half the book value at times:
A drop to P/B of 0.5 may present an opportunity for a Graham-style bargain basement investment. I have not researched the balance sheet, so do not know if there are any skeletons in the closet. From a longer term perspective, however, GLAD does not look appetizing - they are barely eking out earnings, with ROE and ROA numbers in the 5 to 8% territory.
Personally, I much prefer companies with strong earnings compounding, even at P/B of 2 or so - and there are quite a few of those around nowadays. If you know about GLAD and why they are valued below book, please comment!
Disclosure: no position.