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I estimate your current sales are in the range of $500 to $600 million. For the last few years — too many years — the company has been earning about 1 percent on sales, net. That generates five to six dollars in earnings per share on the one million shares outstanding. With no growth and uninspired profits the market has been giving you a multiple of about five. The trading range for the last few years has been $20 to $30 per share."I recently received a tip there are major problems here and came to find out about it. First, I will tell you what I have heard, and then you can comment. Number one: You have been cut off as a supplier to Magna Motors. That was reported on the broad tape. It's about half your valve and ring business, maybe more. I would estimate the loss at about $200 million a year in sales."Number two: You have sold off a whole bunch of your auto parts stores. I would guess maybe two-thirds of them. That's another drop in sales of about $65 million or so."Add those. I had worn shorts and T-shirts but I noticed they were both wearing trousers and a jumper. While it was a bit chilly on top of the hill and I had a few goose pimples, it was due to get consider warmer as the day wore on and I didn't want to be carrying out around unnecessary clothes.I jumped down from my vantage point to greet Lucy, who was tired and out of breath already and londonjames82, who was around three years older than myself.It took Angelina another twenty minutes to arrive, and by which time all seven of us who we knew were arriving was at the top of the hill. When she finally did make it over the brow of the hill, she was accompanied by two gentlemen and a younger looking girl. Beaming, she greeted us.'Welcome, to my ultimate game' she called out as we broke off from our little conversations to listen. 'There was supposed to be another player - Helen, or hotstuff - but a family emergency has come up so after much begging my little sister has asked to take her place. Yes,.
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