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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?


To: Ed Pettee who wrote (8723)6/9/1998 3:06:00 PM
From: T.K. Allen  Read Replies (1) | Respond to of 10368
 
Ed: I, too, am impressed with the magnitude and speed of costs reductions. I also agree that Mr. Hilliou must have some strong support on the Board to be able to do what he has done so quickly. I have to think that the big unknown of the South Carolina Supreme Court case is the only thing keeping BNGO down at the moment.

Between the return to profitability shown in 1st Quarter '98, the substantial cost savings outlined at the annual meeting, and the stock buyback, I think you have to conclude the downside risk is minimal. The only thing left to be really worried about in terms of immediate downside risk is the Supreme Court case. If, and when, that concern is removed, it would not surprise me to see a BIG burst of activity in BNGO shares.

TKA