I bought a few Oroton shares (1000) about 6 years ago. Always tend to make a small investment to get to know the company and then a bigger one later if I am happy. Dodged a bullet there and have hung onto those shares for light amusement while the company trashed everything. It hasn’t just been GAP that was a bad venture. After they lost Ralph Lauren, it was one bad venture after the next. Brooks Brothers seems to have lost them just as much money as Gap.
The sooner someone grabs the company and does something with it the better. Either that or put it permanently out of its misery. I certainly won’t be participating in any cap raise - just good money after bad without some realistic strategy......
ORL Price at posting:
78.0¢ Sentiment: None Disclosure: Held