Re: Food for Thought
in response to
by
posted on
Jun 24, 2009 02:35PM
I agree, no matter the outcome of the ultimate outcome of extensive M&A efforts, a complete lack of increase in share price is indictaive olf something not being quite right with the effort. MP has clearly taken a chance with our investment ... in his wisdom he decided looking for a suitor was better than delivering a wondeful Q1 eps that I'm sure would have easily attracted substantial attention.
If his motivation was in the interest of ALL shareholders and his effort that of a professionally qualified Chair, we will see the type of increase you suggest.
If we do not see such a gain, I think the posting immediately after yours speaks volumes and rests at the feet of one very greedy Chair.
Given the Q1 stmts year over year indicate
General and administrative 2009: 1,021,042 - Q2: 349,033
A sizable increase in SGA of 50% to 523,550 in Q1 of this year would have led to a .02 EPS ... Annualized that is .08 ... 10x earnings .80 ... doubling production without additional overhead am easy 1.50.
Perhaps MP is not greedy ... perhaps he should go run an investment company and not provide guidance he may be ill suited to provide to CSG.
orgy