That may be so... It seems like the company may be taking on more than it knows how to manage, not just with Mr. Rags but also with the European operations. Then again, it may simply take a little time for them to learn their new businesses, and I also put some of the recent weak earnings down to (Euro-based) currency risk, that may well benefit us even in a stagnant environment, if the Euro begins to improve against the dollar.I do share some fairly serious doubts about management, but temper that against the rather nasty environment we're looking at in equity demand across the board right now. (And frankly, I tend to distrust most managers at times like these.) Then again, I don't premise these buying decisions on a less than 5-year timeframe.I would have bought on recent lows, but had already bought the last time we nicked 16. It would probably take a drop to 8 (which I'm by no means predicting) for me to consider seriously a dollar cost averaging move in the current environment.
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