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Schmitt Industries, Inc. Message Board

  • roboklerk roboklerk Jan 22, 2013 3:03 PM Flag

    Ironically, their Customers' Businesses Are On Fire

    Disk Drive manufacturers (SGT,WDC) and autos--- but SMIT, not so much. Hard to explain. Of course Xact is a drain, but still the rest of the business should be firing on all cylinders. Chairman and former CEO turns 73 this year; should be considering legacy and illiquid nature of the stock. Not going to be able to monetize the family investment very efficiently in the open market.

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