Thanks for a valuable post. I have been out of NOT since the FWR fiasco, but am seriously looking at going back in at these prices. I have one quandary, that is did NOT management/BOD learn anything from the FWR/CLF meltdown, or do they seriously see themselves as invincible Don Quixotes ignoring even the danger of Windmills ? In the past three years, I have only been out of the stock about one third of the time (I am not a trader) and generally breathed a sigh of relief when I sold out close to even. What will management do differently going forward to maximize and realize the value niches that are available ?