Bram de Haas
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Bram de Haas in Special Situation Investing News,

Richardson Electronics - Shareholders Confront Management About Its Failure To Create Value

Summary

Richardson Electronics is a business run by Mr. Richardson who controls the business through voting shares.

Revenue needs to double for the company to break even on operations.

Net cash hoard is close to the company's entire market cap.

Management guides for the company to remain unprofitable until Q4 2017.

Shareholders are deeply dissatisfied with the management team's inaction over the past few years.

Read More: http://seekingalpha.com/article/3359945-richardson-electroni...