"During the fourth quarter of 2014 the Company's management determined that its investment in an affiliated company was other than temporarily impaired, and as a result, recorded a non-cash, non-tax deductible charge of $3.2 million to fully impair the asset."
Perhaps this is the cause: 2010 10Q
"In January 2010, we acquired a minority equity ownership interest in Luxcel Biosciences Limited (Luxcel) based in Cork, Ireland. The investment of approximately $3,625,000 (#$%$2,500,000), which was made through our newly-formed subsidiary, MOCON Netherlands Holding B.V., amounted to a 16.9% equity interest in Luxcel. In addition, we acquired warrants to purchase an additional 375,000 shares at #$%$2.24 per share at any time within three years from the date of the initial investment."
It's not a way - it's one indication of the approach of management to the long-term future of the business. Chris Reed looks dedicated to making REED successful and quarter-to-quarter results are not significant. Problems can be fixed. What matters most is rising demand without reducing margins.
Check again - according to Yahoo Finance Chris Reed is paid $250,000 (REED) the CFO and CEO at LWAY pay themselves each over $1 million. One of the statistics I check on any business is the greed of the management. I'd say this is a vote for REED.
Any company involved in ocean trade - like US Hawaii has to be getting a huge benefit from the falling crude oil prices. Matson is obviously expecting better results for the 4th Quarter of 2014. Looking forward - even without a bunker surcharge - hard to justify now - the profitability of ocean transport has to be much healthier than twelve months ago.