cheap yet?, page-24

re: depth looks shocking-going under $1 Actually forget what I said, a buck a share ain't a reasonable price anymore. What's changed? Well, management mainly. They've proved to be unbelievably, incredibly incompetent.

I mean come on. They didn't know what their profit result was for the December '04 half - right up to February 2005.

This is a sinking ship. The Chairman calls it quits, their highest profile seafood franchisee goes bankrupt, an agreement to raise money has been 'delayed' - the picture doesn't get any clearer than that.

Like I've said before, Seafood is a tough, generally unprofitable business. Now that we know the management don't even have the right skills, well, there's just no price for a bad business is there.