Thursday, November 10, 2005 7:34:14 AM
That was also Peter Lynch's succesful philosophy for investing.
The problem with DNAG goes well beyond the average investor not understanding what the company is doing. It resides in the basic business model of the company which appears to change with the wind from year to year, depending primarily on whether or not it has sufficient working capitol, most of which has been secured from very toxic sources and caused severe dilution of shareholder value.
What the company has for sale has already been publicly disclosed and offered for sale for many years, but there has been no buyers. Instead, the company has been forced to buy from others, all of whom have happily pocketed the money and some of whom have probably locked in lucrative employment contracts with the company, courtesy of Gabriel, Frudakis, and the long suffering shareholders.
There is no question but that the DNAG operational management must be replaced, beginning with Gabriel and his wife, due to its terrible performance over the past several years, culminating with the harsh r/s and historical low in devestated shareholder value. These are facts, not my opinions. Any legitimate public corporation would have protected its shareholders and terminated its management long ago under the same circumstances.
Yes, the situation is bad and goes way beyond simply not understanding what the company is doing.
JMHO from the facts.
dr f
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