PSA Likely to be Sold...Then Out of Business? - Part 2

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Posted By: Eric B

Marshall, that was a good post in response to my Part 1 thread. Joe Orlando is a wonderful spokesman and tremendous advocate for his company. When PSA gets sold, I would suggest he buy it.

But I am very good at reading financial statements and there are some major "spins" in what he said. The greatest of which is the profitability of the various divisions. You can't state that when you only go down to the Operating Income level which doesn't include SG&A.

Besides, the key statement I was making is the health of CLCT which will cause the sale of PSA. I just feel that when that occurs, the new owners may run it differently which will cause a certain chain of events. If the right buyer comes around and fixes some problems, it can last a long time.

But the economy has made things worse. I bet submissions made the last couple months, which will show up in next quarter's statments, will be down again.

Plus you can't spin the CLCT Deferred Tax Asset valuation allowance.