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Saturday, October 16, 2010 11:38:12 AM
Does anybody actually know who the new CEO is? Nope!
Does anybody know who the retailer is that this product will be sold by? Nope!
Does anybody actually know what the 2010 revenues and p/L is? Nope!
Did anybody's past DD conclude with the miserable 2009 financials and refute JD's predictions? If not, can you really call it solid DD?
I find it interesting how *DD* is thrown about implying that actual due diligence and analysis has been conducted through independent research and validation when we all know that none has been because the company has not been forthright in the data. Wishful thinking, hope and opinion, and even research into the general industry is not DD as none actually pertain directly to this company, this management team, and the public's view of THEIR products. Not every cell phone maker was a success, not every medical device maker was a success, and not every sponge manufacturer was a success. some are actually failures and so far this cabinet maker has not shown any reason to believe they are not a failure as well.
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