DrO-
Forbes magazine suggests your caution is warranted. The article is not yet on the forbes Web site (www.forbes.com- they dribble out their articles from the current issue over a fortnight) and I'm sorry I don't recall the name of the article that mentioned ZOLT. However, they gave three reasons to be cautious. First, Cabot is a major supporter. These are the folks who brought you Presstek and Centennial Technologies. Second, founder Zsolt Rumy sold a lot of his stock in the company at 46. Third, and this speaks to a concern of "cooked books" that has been raised on this thread, Forbes claimed, "the company has a tendency to book sales at the very end of the quarter before the merchandise is delivered." This is contrary to acceptable accounting practice.
I have been curious about ZOLT, but flyguy and now Forbes have raised enough questions in my mind for me to say I'll stay far away.
Regards,
Larry
P.S. Can you provide a reference on your profile's quote from Orwell? I might have guessed that Orwell's concept of a "liberal" was more the classical European variety, in direct contradiction of the statist overtones the word has developed in this country. |
