MEDirect Latino Inc. (MLTO)

[moldme1]

If you were flown in on a helicopter right after the Titanic hit the ice burg and were made the new captain, would your credibility be bad if you declared that the boat was still taking on water half an hour later? Even if you had said you would do everything possible to keep the ship from sinking?

Charlie has credibility with me. He has been straight about the condition of the company and has not hidden any of the sins. Credibility doesn't mean he can turn the company around overnight, or even that he will be able to do it at all. Credibility just means he is honest. I would rather hear bad news from an honest person than a wonderful story from someone dishonest. Yet some would rather kill the messenger.

He has drastically cut expenses, and apparently that is not enough yet. That doesn't mean he isn't going in the right direction. Give him a chance.