Turtle, I don't understand why Toby has not gotten interested in WGA. It seems like a perfect stock for him as it is undervalued on all metrics but is boring as hell. His commentary on WGA would be very welcomed over there because his bean counting would show why the stock is not valued correctly.
it's a good trade when it tanks. I do it all the time. My guess is by the end of the year they should be in net cash and will start buying back stock. Even though it makes no sense at all to do that, it is what their moronic shareholders want. Every conference call I want to choke most of them because they sound so stupid with their comments. I have a GTC order in to buy at 1.55. Almost got it today.
Maybe WGA would make a good acquisition for LACO. WGA usually generates $8 to $10 million of gross profit annually. Their unusually high A & G expenses could probably be cut by 75%. Plus, who knows, they might even be able to grow the business. WGA's current market cap isn't even $20 million.