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Scott's Liquid Gold Inc. Message Board

longtimefollower 49 posts  |  Last Activity: Sep 11, 2014 5:54 PM Member since: May 12, 2000
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  • Reply to

    Rouleau is doing no better than Mason!

    by longtimefollower Jun 18, 2014 3:23 AM
    longtimefollower longtimefollower Jun 22, 2014 4:29 PM Flag

    Ive lightened up considerably in emms....but was buying when it got down to $2.65.

  • longtimefollower by longtimefollower Jun 22, 2014 4:06 PM Flag

    The very fact that it could come to this testifies to the height of his arrogance and stupidity and grandiosity. Why didn't he voluntarily leave the company months ago, in order to save it? Why didn't this stupid 11 member board know that It was getting to the final straw with ED.

    Will the government, in the end, be able to prove fraud, and will Jack be criminally indicted?? One would feel better if such was the case. Otherwise, That he could get away with "mere" stupidity and arrogance would leave a sorry taste in one's mouth.

    The fact of the matter is that he, and this stupid board, should have known the company was WAY out on a limb with ED.

    Jack's statement referring to an "orderly transition of our operations" shows it is, indeed, over, and that ED has effectively decided to force COCO to close. Everything from this point onward will be on ITS terms.

    Sentiment: Strong Sell

  • longtimefollower longtimefollower Jun 21, 2014 2:12 AM Flag

    I think they knew EXACTLY what they were doing, when they put COCO on a 21 day delay. And that their intentions are clear.....even though they are DISINGENUOUS in the way they are communicating those intentions.

  • Reply to

    I'm out.

    by longtimefollower Jun 20, 2014 1:15 PM
    longtimefollower longtimefollower Jun 21, 2014 2:09 AM Flag

    I don't believe that was knowable. The fact that, 8-9 months ago, ED waived the company's need for a letter of credit, related to the financial stability score, suggested to me that the government was NOT looking to attempt to shut down Corinthian. Obviously, attitudes within ED changed over the intervening months.....because now ED is overtly seeking to come up with an "excuse" to shut the company down. (The 21 day delay in paying COCO no doubt has the INTENTION of pushing the company over the edge.) They are basically punishing mangement, and making an example of them.

    If the truth of the manipulation of information is true, i hope there will be criminal fraud charges against appropriate COCO mangement figures.

  • longtimefollower by longtimefollower Jun 20, 2014 1:15 PM Flag

    the government basically decided to "punish" an insolent and defiant management, and is shutting the company down. There won't be any debtor in possession financing. shareholders are paying the price for a management that was engaging in fraudulent representations that pushed the government over the edge.

    They are deciding to make an example of corinthian, to show everyone else they better shape up.

    This, no doubt, strikes the terror of Jesus in the entire industry....especially the ESI's, CECO's, and education managements of the world.

    I am happy to get out and salvage 30 cents, as i believe this will end up worthless in fairly short order.

    Sentiment: Strong Sell

  • Reply to

    Rouleau is doing no better than Mason!

    by longtimefollower Jun 18, 2014 3:23 AM
    longtimefollower longtimefollower Jun 18, 2014 6:58 PM Flag

    You idiot. You missed Becker Drapkin's sales on june 4th, 5th, and 6th!

  • Reply to

    Rouleau is doing no better than Mason!

    by longtimefollower Jun 18, 2014 3:23 AM
    longtimefollower longtimefollower Jun 18, 2014 3:28 AM Flag

    The $5.4 million is the adjusted operating loss, under the cult figure, Rouleau, in the 1st calendar quarter. The $6.1 and $5.2 million figures are the comparable Q1 loss figures under Mason, in 2012 and 2011, respectively.

    What exactly, I DEMAND TO KNOW, has Rouleau done to improve this business, over the Mason Era? The stock is up roughly FOUR TIMES OVER now! For no reason.

    Sentiment: Strong Sell

  • longtimefollower by longtimefollower Jun 18, 2014 3:23 AM Flag

    This was typed on May 12th, but it wouldn't "take" on Yahoo....and I never tried reposting it until now:

    5.4 M adjusted operating loss.

    Mason had $6.1, in the same 2012 quarter, and $5.2 operating loss, in 2011.

    There has been NO MATERIAL IMPROVEMENT in the company's fortunes under Rouleau. This is especially true on the merchandising front, as the company has added efficiencies in distribution and freight, and reduced SG&A. Therefore, on an absolute gross margin (merchandising) basis, Rouleau has ABJECTLY FAILED.

    Yet, perversely, the stock has TRIPLED, when Rouleau has NOTHING to show for himself.

    This guy is a fraud...at least as far as his performance at TUES goes.

    I fully expect Becker Drapkin to be dumping more shares in here. They'd be fools not to.

    I plan on shorting.

  • ....is a canard. The notion that the "lumps and bumps" Rouleau referred to in the June quarter is a relection of something "wonderful"......when it is really code language for the fact that they have ADDITIONAL SIGNIFICANT clearance markdowns to take, bespeaks of a restructuring and repositioning that is not only "out of comtrol"....but is a failure.

    The proof will be in the pudding in two very important outcomes. 1) Will they be able to show increased gross margins, and continually increasing same store sales, and 2) will they be able to continue to relocate store and show massive increases in sales at those stores.

    I'm not convinced of either one, but most significantly, i'm not convinced they are going to be able to show any material gross margin increases. My own belief is that this business is going to be, at best, earning anywhere from 0-50 cents in annualized EPS.

    Rouleau's and COB's mini block buy was to "play the street," and get them to "keep the fsith." I personally believe it was comtrived, and totally for show. More significant has been Becker drapkin's selling.

    I'm waiting for higher prices to add to my short, but certainly will add, breaks into the $20's....and will "upgrade" it to a "strong sell"

    Sentiment: Sell

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