Every once in a while when in a masochistic mood I look at BDRs long term chart. Sheesh, talk about opportunity costs! Compare any average with Blonders performance. Drawing decent salaries in Old Bridge while doing zip for shareholders. That's pretty much the story, accompanied by a musty smell.
From the 10K in the discussion of the allowance for deferred tax assets, regarding the $2,332,000 that was expensed during Q4: "The significant negative evidence includes a loss for the current year, a cumulative pre-tax loss for the three years ended December 31, 2012..." Stop, read no further. There it is in black and white. The reason the stock trades where it does, why the company has no following.
Buyers beware. I wish I hadn't fallen for this "value" play. My bad for riding a tired and aging horse.