RE:BIR's Reserves, CKE's Reserves, BIR's Net Debt ratioi would have though a "conservative investor" like you would be looking at profitability as a screening tool, yet you choose the BIR board to pump CKE (which is the 2nd time i've seen you do this). in the same operating environment, BIR has generated more than $220mm in after tax retained earnings; CKE has a retained deficit of almost $600 million. so much for investing conservatively......