Michael Pachter Business Quotations

I think they are very close to the edge with the banks. If the business plays out the way I think it will play out, they won't trip the covenants. I think they are not giving themselves enough cushion to weather a downturn and it makes me hesitate in recommending the stock.

They clearly aren't in the big leagues. They're back in the minors now and we'll see if they can build the business back up.