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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (31716)8/7/2008 9:01:43 AM
From: Madharry  Read Replies (1) | Respond to of 78659
 
MCGC suspended its dividend, laying off a bunch of staff, reports a loss, cites a very challenging environment- I predict class action lawsuits galore. I think there is a strong possibility that it may go further than that, I suspect that they knew the situation was worse than they let on when they did the rights offering to shareholders. stock is down $1.50 in premarket trading. This has been one of my worst mistakes in awhile.