Hello Larry... Nice to see ya..
posted on
Oct 15, 2007 08:20PM
Hi Mark - Never far away. Always watching what this little Patriot is doing.
A thought on one of your recent posts (which you were correct in pointing out the forward progress being made) - it's taken close to 2 years to finally shake the Swartz booger from our fingers...
Sometimes people want the next things to happen at THEIR speed, which may not co-inside with someone elses idea of a brisk pace in a business plan.
IMO we will continue to see weakness in SP through the SHM all the way to trial - This is a different market than it was 2 (or even 1) year ago.
An issue Patriot will have to contend with (some point down the road, assuming success in the courts) will be with Bank financing, if/when they plan to entertain serious M&A activity. Although being well concealed, the second leg of the derivative crisis will start to hit major banks at some time in the future - I make this statement kind of blindly (and without much back up), but my gut kind of tells me this: if mortgage lenders have tightened up their lending requirements to prospective homeowners with the current RE forclosure issues in place, they will do the same with their business customers once their own warts (derivative problems) come home to roost...they'll be eye deep in their own financial weeds and will want to minimize further risks with new customers.
Having Turley and Trednick front the Company gives them some "bank", but the rest is up in the air, all to be determined within the lnext few months.
As always, all this is JMHO - and remember, I'm renown for going off half cocked, shoot'n from the hip...:-)
(Dood said I was a dangerous poster, so hold back on giving me any of those green "Thumbs up" thingies, lol...)
Hope all's well with you and yours.
...back in my hole
Regards