Yes the continuing lack of profitability in a merged business of that size is a concern. If the previous management of Linear failed to reclaim any RITC than what else have they missed in terms of running the place efficiently and profitably?. Not as much as I thought based on last year's annual report, but it just might be that the synergies didn't eventuate through weak implementation. Mike Wright sounds like an attention to detail sort of person, it needs someone to go through the back office procedures and query why its done the way its done and is there a smarter way? I'm sure there must be. I can live with XPL growing slowly, given its low rating, but it has to be profitable.
XPL Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held