Amen. Another native son of St. Louis who's been out to dinner with Zolt. Take a closer look at the financials and the rotation of CFO's and the loss of the VP of Biz Development about a year ago. Any CFO who questioned Zolt (the man, not the stock although they can be indivisible at times)about the Co's self cannibalizing financials has been summarily taken out and shot.
The VP of BD came from BF Goodrich. He came to ZOLT (the Co) right after he cut the contract between ZOLT and BFG. Got a pile of options. Then a while later when the new facility wasn't coming up on schedule, he quietly left the Co. When queried by the press on this, ZOLT the Co., said he was "On Assignment". Then a reporter found him at home and he had left the company a month before. ZOLT had nothing to say.
SO- ALL you mini mo's that are getting your arse handed to you should start reading freeedgar.com- it's free and ZOLT's work is full of comical antidotes. DO this instead of howling at me and you will be far wiser and wealthier. Even Cabot gave up on this bag a long tiem ago. So instead of praising each other while the music plays and worshipping a price and volume chart put some real time into your due diligence and start reading. And take a bit from Buffett: "learn accounting, as it is the language of business." Especially cash flow accounting, as this is where a lot of Cos. abuse the GAAP.
If your real nice and behave, I'll teach you more about ZOLT, but you have to start actually reading the filings and come up with some concrete analysis. There is tons more on this one. That is all for now.
All rights reserved, Auric Goldfinger. |