Oneida Ltd. (fka ONEI)

[eagle_2975]

I figured I would open up a board for ONEI as I took a starter position today here at $.87. The stock had its lowest close over the past year, at $.90 after hitting $.85 during the trading session.


I think that this is an interesting company and stock. They have fairly strong brand recognition in the Oneida name. Their lenders own the majority of the common stock still I believe, at levels above the current stock price, and their operating results appear to be stablizing. Their balance sheet is still a bit iffy, but I think that the risk/reward is worth a gamble here.