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Al, you deserved a better response to this post. People who hype a stock, as I do Pallet, should be able to defend it. I plead lack of time and preoccupation with other stocks as an excuse. Regarding your point of 25mil being on the books as goodwill for operations "non profitable" and "subsequently closed down", I am fairly (but not completely) sure that this has been written off and is the cause of the dismal bottom line recently. Also I had no problem with understanding management changes, Lynch was in command in fiscal 95. The news releases are clearer, that's true. BTW, Lynch still owns 11.5%, last I heard....Sorry, best I can do for now.... PS--when there's time, I plan to rip into MPI (looking pretty attractive today ar .53, eh?) as well as defend PLT, fair enough? |
