SCHR has $12M of cash/marketable securities ($2.63/share). In the past year an investor has tried to buy the company for $5/share but was asked to go away by management. While I think $5/share is far to low since cash on hand could be used to fund the deal, management does not seem to care about stock appreciation. Recognized losses of $667K on investments and $561K impairment charges are simply poor management decisions which should stop. With this much cash on hand, management could continue to "play the market" for quite some time rather than returning some of the excess cash to rightful owners --> public shareholders. If the losses incurred in 2001 were instead sent to shareholders, the dividend would have been almost $0.30/share, not shabby for a $3/share stock. This company stock is very illiquid, management not shareholder friendly, but there is some glimmer of hope.