But there is something contradictory in your argument - you say that the surfing background of the founders will be a loss now the "suits" have taken over, but that you won't invest because of the actions of the founders.
The past has gone. Hopefully the new CEO is taking a different approach. Whether the "magic" still remains, I don't know, but I'll take financial discipline any day of the week.
It will be interesting to see whether private equity has a crack at Surfstich. at these levels. One thing's for sure, they certainly won't be worrying about ethics !
SRF Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held