the letter to shareholders is definitely a "L O L" ........
trust us - it just takes time ....................
where is the competitive advantage ?
why did they loose a major supplier (whom then just competes against HIL) ......
and look at the GG&A costs ........
its a "retirement home" .....and shareholders carry the cost !
collect 5% of shareholder votes, call and EGM ......spill the Board, and "take the haircut" on carrying values - and work out a plan to drive the business ..............
rgds
V_H
Ann: Letter to Shareholders, page-8
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