Danier Leather Inc DLTOF

RE: what do you guys think?

[SurfForWealth]

Clearly it was a tough quarter for them...it does not appear to be related to execution but generally caused by external factors which are likely to be temporary. I doubt that the poor results for the Q will come as a surprise to anyone who understands the current environment. I had factored in expected poor results into my analysis & it certainly appears the market did also. I listened to the CC and I am satisfied that my original analysis is still valid. The company is trading for book value & still making money & generating positive cashflows. Eventually the retail environment will improve, meanwhile they continue to build their enterprise & generate higher shareholders equity. I am patient enough to wait it out until things get better expecting that this will produce some nice gains from here. Is this current situation for DL not what creates opportunities? Cheers!!!