Morgan Products LTD. (MGN) Message Board

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Non-Tech : Morgan Products LTD. (MGN)

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To: John Stichnoth who wrote (13)	9/18/1997 6:27:00 PM
From: Ajit Abhyankar	of 16

To make things worse, a bad housing starts report. Housing starts hit an unexpected low. How long can this "high speed" assembly line that they keep crowing about take the blame poor management. Frankly, I can't understand how a company with $400 Million in annual sales, 15% growth rate, 10 million shares outstanding, float is only at 6 million shares, sales per share is $42.00! be worth a measly $6.00 a share and can't even pay the bills. Cash is only at .15/share! What the heck are they spending money on? A corporate raider or an Al Dunlap would have a field day at this loser. I am not currently a shareholder but have kept an eye on this "bargain" for a while. These guys are truly pathetic.

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