CUZ, is this a short all the way to BK? I took your advice from the 40's to 20 but have backed off since ....thinking of getting back in on the short side.
It looks to me like management is doing some pretty stupid things like the Fantuzzi deal....that company's not worth today what they orginally offered...why not conserve cash...they do have quite a bit of leverage and sales are dropping. Management seems arrogant kind of like we'll ignore the current situation and afraid to admit they've been wrong.
Funny, when I accused them of becoming arrogant a few weeks ago someone (probably one of them) responded to me inferring it was just sour grapes on my part and I had no basis for that remark.
I'm glad others are now seeing the picture. Yeah, they can say what geniuses the bashers are thanks to the market but the points you guys are making about strategy while in the throws of this market are right on.