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

To: Jurgis Bekepuris who wrote (35225)	8/23/2009 2:31:37 PM
From: Grantcw	Read Replies (1) \| Respond to of 78751

Hello Jurgis, Looks like we posted around the same time. I did note that they do have share dilution, but they also cut salaries a good deal recently. Maybe this is a way to make employees whole due to salary cuts? I'm interested in why you think they're losing significant money and with an unclear future. My opinion is that they're doing pretty well to be basically break-even given this last quarter may have been the bottom quarter in the cycle. My hope is that even if they can just cyclically bounce based on demand recovery, they'll be doing fine. Do you think there are bigger problems for them? Per the conference call transcript, they're also getting out of the equity method for a money-losing subsidary they own, which will help their net income going forward. I agree with your rules on Net-Nets, and I tend to avoid most too these days. Thanks, cw