Replies to post #156 on Modern Technology Cp (MODC)

[HoneyChild]

And here is what the talk is on HRVE board about that. "the guy that posted this is a nut...he is trying to buy more motg so he doesn't want the share price to jump he is a giant pain in the ass on rb. Yeah like he confirmed the rumor was false at 10:45 pm on a wed. Who did he ask? Please"

[Maddog]

Acquisitions (Harveys)

This is exactly the type of acquisition I think we SHOULD NOT make. It is an old, shrinking market share, losing money company that has nothing to add except high acquisition cost and a daily drain on our bank account. The below quotes are from Harveys latest earnings PR:

"We expect to report a loss for the fourth quarter and fiscal year 2005"

"For the year ended October 29, 2005, net sales aggregated $40.4 million, a decrease of approximately $2.7 million or 6.3% from the prior year. Comparable store sales for fiscal 2005 decreased approximately $3.5 million or 8% from the prior year.

For the fourth quarter of fiscal 2005, net sales aggregated $9.6 million, a decrease of approximately $749,000 or 7.2% from the same quarter last year. Comparable store sales for the fourth quarter of fiscal 2005 decreased approximately $1.3 million or 12.6% from the same quarter last year."

If Welch buys junk like this they I am out.