Educational Development Corporation (EDUC)

[value1008]

The entire gist of that second basher piece is that there MAY be as much as $4mil of consignment that has accumulated over the years, been booked as sales revenues, and which MAY never be entirely collected, in which case past earnings would need to be re-stated, etc.

For a co. that is slated to do, what, $120M this year in revs and likely more next year, a tiny, tiny portion of which may be consignment "sales," i don't think this will ding earnings more than a tiny fraction.

Yes, it might become a nuisance, but nothing major. That's why i'm happy to hold this relatively small number of shares into earnings.