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Subject:  Re: RS - major ouch Date:  12/14/2008  10:21 PM
Author:  tim443 Number:  3275 of 3296

RS had a good pop this late last week. I don't follow the story but noticed it has some (two?) followers on this board. Is this story worth looking into (notwithstanding the little brouhaha they are currently involved in).


Well, when the TSX asked them why they went up 78% one day this week, they said they had no idea.

As to " Is this story worth looking into", there is no way I am going to suggest buying them. They have a couple of very interesting products that in normal times could do very well. Unfortunately, the bankruptcy of their contract manufacturer exposed them to serious financial stress at a time when that is about the worst thing that could happen to a small company. They were supposed to be cash flow positive this quarter but that has obviously gone by the wayside.

Regards Tim
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