NYPETE- THIS COMPANY FINDS NEW WAYS TO LOSE MONEY EVERY QUARTER.
SORRY ABOUT THE LOSS BUT YOU DID THE RIGHT THING. HAD YOU HELD, THE LOSS WOULD HAVE BEEN GREATER.
THE MARKET REFLECTS THAT MOST SAVVY INVESTORS HAVE RECOGNIZED THE 14 YEARS OF POOR RESULTS AND ABANDONED THEIR POSITION.
NOTHING IN THE QUARTERLY REPORT AND THE CONF CALL SHOWS THEY'LL BE ANY IMPROVEMENT . IN FACT, NEW PROBLEMS SURFACED, WITH ONE OF THEIR BIGGEST DISTRIBUTORS IN TROUBLE, NOW ON A CASH PAY BASIS, PAYING ON A DRIBS AND DRABS BASIS, AND SHOULD BANKRUPTCY DEVELOP, CPST WOULD SUFFER CLOSE TO A $7MILLION WRITE-OFF.
YOU WERE WISE TO SELL IT AND MOVE ON. GLTY