Excellent point, and exactly what I was thinking.
$0.27 per share is larger than any earnings reported in the last year, if I remember correctly. We began this disastrous series of quarters by purchasing another firm, and we seem bent on continuing the policy. This is so fundamental I cannot believe it. SGI makes good stuff! That's what we keep discussing. But instead of producing what they make at a profit, McCracken always has to spend the money on something else. Listen, Ed, no more bright ideas. Just produce and ship the product. ParaGraph seems like a good addition to the Cosmo player group, but if you never actually let them make money. . .
Yes, Dipy, I know that "one should always be happy with the management of a firm that one purchases." But sometimes one purchases based on product and the previous record of management. Management changed, I didn't.
Incidentally, kris, that sort of answers your question. I'm in, and at an average of around 24. |
