GREY:CWSAF - Post by User
Comment by
abuseddogon Mar 18, 2011 10:00am
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Post# 18304359
RE: RE: Year ends
RE: RE: Year ends
Perhaps it was time for the CEO to leave, to get a new approach.
I would generelly give them some credit for one time charges. ie. The 1.9 million in conversion costs and 2nd q debt repayment of 2 million.. That 3.9 would have influenced the numbers to a large extent. The problem is that, these one time charges and other suprise hand grenades have been a pretty common occurence.
This is a small float company that is hard to get out of if in a hurry.....I know from past expeience. This is a small company that is a cyclical.....perhaps not the best geared to the trust structure, If they can stabilize the decline of sales and firm up the payout ratio, I would be happy to put in some money, The upside is, the next housing boom could really set this company moving