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Medley Capital Corporation Comm Message Board

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  • pmlljl pmlljl Apr 1, 2003 5:07 PM Flag

    The bleeding continues...

    reedair2003: I am a former shareholder and I expect you are correct. But, I think they failed to do adequate due diligence on some of their acquisitions and they simply paid too much. That is why I sold. When I saw that the accounting goodwill on the balance sheet got to $60,000,000, I was no longer comfortable holding the stock, so I sold every single share I owned. The companies they were buying were never going to make enough money to justify the prices they were paying. You simply can't overpay that dramatically or you are doomed to failure.

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