Savvy Trades and Investments

[Swick984]

CUO - It's entirely possible that they have a charge for the lawsuit. I think its a liability in the neighborhood of $5 million, present value and after-tax. They may decide to bite the bullet and put it on the balance sheet and record a charge. If that is the case, it'll be a one-time charge though and will mean the removal of $300k+ quarterly litigation expense, which I think is worth more than the $5 million liability on a go-forward basis. I'm not at a full position as there may be an opportunity to take advantage of some panic selling if they do announce a one-time charge. I feel it's worth the risk at this price though.