Thursday, November 18, 2010 1:04:14 PM
Don't you remember that the company was getting ready to file for bancruptcy before Seidhoff came in in 2005. He made them very profitable, took them public and then "resigned" (review the statement) and took his money.
Since then, the three amigos have, IMO, have taken all of us to the woodshed.
If you "haven't canvassed a large sample...." then don't talk about something you know nothing about. It's a $40mm company, period, and they have had three to four people over the last 3 years making $400k to $500k in total comp, etc...just look at the percentage for S,G & A, for crying out loud.
What is your reasoning that "the last 2 years is due more to the recession........". My goodness, wake up.
Good luck.
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