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To: hookjock who wrote (1609)	11/10/1998 2:34:00 PM
From: hookjock	Respond to of 2919

O.K. people the 10-K is now available. Just briefly looking at a few key numbers it appears that they are in very good shape finacially. Cash at 6.5 million Gross profit at 34.5% for the year Inventories are down to a more reasonable level. SG&A expenses decreased 4.5% even though sales were up. this is one quote that caught my eye "during fiscal 98 the company continued to focus on improved product quality AND THE DEVELOPMENT OF NEW PRODUCTS."

To: hookjock who wrote (1609)	11/10/1998 2:44:00 PM
From: Yo Yo	Read Replies (1) \| Respond to of 2919

1) Woodbury's stock ownership is a joke. From a personal interest point of view, he has far more interest in preserving his $130K per year job than his pathetic stock ownership. He has the best of both worlds, his money is invested elsewhere, where it is making solid returns, while he collects a juicy pay check and benefits for the family. His interest is in preserving his and Placek's little kingdom while you lose money on the stock. (Believe me, he's glad YOU own the stock and not him.) 2) The preferred stock issuance is a joke also. "to prevent a hostile takeover attempt....". Remember people, SHAREHOLDERS WIN in a hostile takeover. Shareholders get a huge price premium on the buyout. Guess who loses... you got it; Incompetant Management. And you wonder why they want to issue the shares. If they needed the shares for an acquisition, they could put it to a vote of the shareholders AFTER they make the offer. Then YOU, the shareholder, would be able to make a fully informed judgement, something that incompetant managers, trying to protect their exorbitant salaries, might not want you to do. Still refusing to rationalize........ Yo Yo