Very well runSuper duper amazing management writes off 8.5 mil this quarter for their super amazing decision to start buying new newspaper printing presses. Yeah, really. Then they change their mind, before even installing anything, and have to write off 8.5 mil.
Love this new management!
No wonder the CFO ran for the hills not long ago.
I don't even own shares of this anymore. Did a while back, just posting because I'm amazed sometimes at how incredibly stoopid management of some companies can be.
This thing was well run for many many years, squeezing out every nickle and dime it could. Then the board gets some new CEO with grandiose ideas and starts running the company into the ground at warp speed.
Expect more retardo moves.