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Black Diamond, Inc. Message Board

  • starcutspin starcutspin Nov 3, 2008 4:39 PM Flag

    Best Interests

    Interest income is down by 51% this quarter, so what do they do? Increase "expenses" by 21%, they are burning well over a million a quarter on what? This company is doing nothing. Yet there are salaries, excessive rent to a sister company, compensation programs, and the like for all kinds of people who do not necessarily spend their time on our business. Nothing appears to be happening here to add to shareholder value, re ispa loquitor. This is just my humble opinion, but I do not feel my best interests are being looked after by this company for a long time now.

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    • I have just looked at this as well. It now looks as though they will be burning at least 3mm per year in cash. This year and the next will start to damage their cash supply and ability to lever. Additionally we are at very low asset levels and valuations. I think with the cash burn they will need to execute now. Taking their cash position down to below 80mm in the next year should not be their plan - especially as they finance their own activity. Perhaps perversely, we may finally get to the point where its time to pull the trigger.

      I am getting a bit exhausted as well. Email them at info@claruscorp.com. I frankly am getting tired after holding for over 3 yrs. This thing though will not play itself out until a deal is finally done. Its still a strong buy for me, however I am running out of patience as well and should they not execute anything shortly I will be questioning their motivations

 
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