10K mentions $15.7mm in marketable securities including "municipal bonds and quality stocks". Anyone (besides Mr. Risk & Co.) have a clue as to exactly what these "quality stocks" are?
they do disclose in their 10-k (page 25) that 8.4m is in muni bonds and 6.8m in equity securities. The equity securities had a 1.7m loss losses.
I was wondering the same thing. We know other companies (i.e. pier 1 imports) have encountered huge problems as a result of gambling with company cash. Who is it with and who manages the $$ and what are they doing with it??