Help be understand this company a little better. They will probably miss earnings and as such there might be an opportunity to buy in cheaper. I owned this this a couple of yeas back and made good money,however I don't recall Taylor being a factor. To read some of his rough comments you would expect to find that he owns a majority of the stock and can't be ousted, however not so. Is he that good? The stock is selling for close to book, lost half it's value, little goodwill on the books, etc, so those are the pluses. However it's governance track record is in the toilet, Taylor earned $16m last year (insane), and their cost of funds at 7% suggest that this is a risky stock. If the stock opens down, I am considering buying more, however something doesn't smell right. Ae they expanding too far and wide?
Sounds like you have a fairly good knowledge of the company and the industry. I bought into the stock in 1/13 above $11.00 per share. Not a good ride so far. Pondering buying some more, however one concern I have is whether it make sense for a company this size to be publicly traded. The cost of SEC compliance is so large, how can it afford it? This company is a better fit for a tuck-in, i.e. operate as a division. Do you see this happening? I agree that any improvement in sales will benefit the bottom nicely. If the estimates for 2014 are close, the stock should take off. Do you think they will hit their numbers for this quarter?