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Gold/Mining/Energy : Goodfellow GDL on MSE
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To: Gordo who wrote (70)2/25/1998 12:34:00 AM
From: Scott Mc   of 120
 
Gordo, Ill take a closer look at their reports, appreciate your post, I suspect it has more to do with setting up the western offices(New inventory, training, rent etc etc) and also growing their revenues, its normal to increase acct rec and inventory when revenues are also increasing. This company is quite profitable and its celebrating its 100th anniversery this year, so Im not overly worried. The dividend is like you said generous, this may be more driven by the family's needs than anything else.
Scott
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