ex-ceo turned down Bel Fuse's offer which was something like $50, to be able to hand this over to oaktree, this is just unbelievable!
I think the root of evil here is Oaktrees Howard (skid)Marks, that guy is so full of "#¤%. He has made all his money by ripping off minority holders, just like he did here.
After FY results, Inventory problem is more obvious than ever! That will put significant pressure on their profitability going forward.
Sentiment: Strong Sell
"2015 estimated production anticipated to increase ~77% - 107% compared to 2014"
If capex is going forward fraction what it used to be?
good news is that they're still building it, which is surprising!
this industrial park is dumbest F****** idea i've ever heard! Paying 2x market cap for operating rights and then they still have to built it!
not to mention their RE bubble....
this is just their way to loot rest of valuable assets what KGJI had.