Replies to post #311 on Eternal Technologies (fka ETLT)

[Tex]

re Q

I disagree that the major concern should be the Q. I think the major concern should be long term, and that means solving the underlying suit rather than the Q. Spending money buying off creditors is less useful than proving their claims meritless, which will also have the effect of removing the Q (by mooting the creditors' claims that led to the bankruptcy proceeding).

ETLT has long traded with a P/B below 1. If you don't think your reward -- the company earnings per share -- is adequate even buying at a discount to book value, then you should find a company whose management produces a return you prefer.

For example, I like ACAS, which also trades below net assets and has a great dividend, to boot:
http://jadedconsumer.blogspot.com/2008/09/acas-like-bank-but-different.html

Take care,
--Tex.