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Petro -

Sorry, man. I caught UAG's 1/13 press release about the write-offs and quarterly loss. As I write this UAG is the mid-15s.

The charge to earnings apparently involves their NYC area stores which were the first to be acquired. No explanation about what went wrong.

It does seem strange, though, that the stock should enjoy that quick run even while the decision to take the losses was being made.

I've met some of senior management and they're pretty impressive. I still like the company.

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