My opinion is that they'll overdo the writedown, take losses now, and set the stage for a "turnaround" when profits are booked later on sales of undervalued inventory.short 19000 shares, so take this with a boulder of salt
Pjv2,I've been following your lead in shorting this POS. I hope to short A LOT more stock before I'm through.Go SHFL!
Can't believe anybody would think that Blad could possibly have overstated inventory &/or projections. (g)The only thing he did not overstate was his weight.