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BB&T Corporation Message Board

cpa38 10 posts  |  Last Activity: Jul 23, 2014 3:11 PM Member since: Mar 17, 2000
  • cpa38 cpa38 Jul 23, 2014 3:11 PM Flag

    It's extremely disconcerting that WSCI did not address this issue in conjunction with the late June earnings release. If the recall was in early May, the issue had to have been front and center in the March/April timeframe. There has been ample time for WSCI to determine a provision for expenses associated with the recall. And expenses associated with recalls aren't accrued into the appropriate accounting period, but are immediately recognized at the point they can be even remotely estimated. I would have to believe that WSCI knew in May whether they would have any liability, and could reasonably estimate that liability. So, they had an obligation to book it in conjunction with the results released in June. If not then, then certainly they should have announced it by now. Extremely disconcerting.

    Beyond the raw dollars though, of greater importance is ... how will this impact WSCI's future relationship with PII?

  • cpa38 cpa38 Jul 23, 2014 1:44 PM Flag

    Jeff, Google this: Victory Crankcase Recall. Read.

    The recall was on May 2nd, over two months ago. One article I read indicates that it involved almost 900 motorcycles. More importantly, PII was blaming "the crankcase vendor" for poor QC. Was this WSCI? If so, implications?

  • cpa38 by cpa38 Jun 20, 2014 11:16 AM Flag

    ... this piece of junk down to $6.75, where it belongs.

  • I give up. Looked for 15 minutes. Could not find the news sending our jewel up over 7% on heavy volume. What is it that I can not find today with MTRX?

  • Reply to

    Earnings have been released

    by cpa38 Jun 9, 2014 10:29 AM
    cpa38 cpa38 Jun 9, 2014 3:38 PM Flag

    Only today? Son, don't insult me.

    I am a perpetual, continual, never-ending, investor grouch. There are only a few well-run, public companies that would put me in any other form of disposition. And WSCI sure as #^*& isn't one of those well-run companies.

    When I triple my investment, I will smile. So, until $15 a share, I will be a continual pain in the #$%$ when speaking of this P*S company and its P*S mgt.

    We need better disclosure. We need earnings conference calls. We need for the stock moves to stop happening weeks in advance of confirming news.


  • ... to friends and family of a few insiders, who are now chasing the stock higher.

    Loving how we know what earnings will be ... weeks before they are released. Honest to God, where's the SEC on this travesty? Look no further than WSCI as a poster child on the fact that America's Security Markets are rigged, trading on insider information is rampant, and the only way to make money is the illegal way. God Bless America.

  • Reply to

    any bellyachers still here??????

    by wayne21044 Jun 5, 2014 12:03 PM
    cpa38 cpa38 Jun 6, 2014 9:45 AM Flag

    Yes, I'm still here. I will never stop complaining, until I sell and move on. That won't happen until this lousy P*S trades above $15.

    There isn't enough disclosure here.
    The CEO is an idiot.
    The CFO is a moron.
    This company S*CKS.

    That should be good for a move over $10.

  • Reply to

    Did I Miss Something?

    by bogo1 May 7, 2014 10:16 AM
    cpa38 cpa38 May 7, 2014 3:51 PM Flag

    A huge positive for stockholders of LMIA -- The company is not bankrupt.

    At least, not yet.

  • Reply to

    Integration deal with Sennheiser

    by gaudeamus2020 May 5, 2014 2:12 AM
    cpa38 cpa38 May 7, 2014 10:11 AM Flag

    Dog company. Dog Management. Dog stock. The underwriters pulled the wool over the eyes of new shareholders. But what else would one expect? If there's a way for an Israeli company to destroy shareholder value, they'll exploit it.

  • ... read so many BS buzz words in one earnings release. New CEO is a loser and will be gone within 18 months.

37.82+0.28(+0.75%)Jul 24 4:02 PMEDT

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