Tuesday, February 12, 2008 11:21:59 AM
The call went OK, I did like Mr Ash's kind of macroview. You can tell he's 'adjusting' for lack of a better word to a smaller comapny. But he's getting paid a lot of $.
At least they mentioned they are looking to be profitable for 2008 and that's with the excess salaries from the newbies obviously included.
But they still need to prove it. The Q4 was another semi-yuk Q. Lost I think another 4 cents. But cash held up pretty well and hopefully the last of Satiatrim writedowns was a big chunk of the loss.
The growth in rack sales and their targeting this strategy sounds like a decent idea for a base to grow off of.
Still lots left for them to prove though. And it definitely sounds like CSAB cut back fairly bigtime on the advertising looking more toward the grassroots stuff.
I'm holding what I have but not buying more at this juncture. Need to see more proof in the pudding.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
"We didn't build this company on the sniff of an oily rag."
-Anonymous
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