With the new management team, we're taking this thing to a new level. We want to make places where people want to go eat, drink and feel comfortable.

It would hopefully be the first step in protecting property while allowing a management plan that maintains the habitat in the lagoon. The Carmel River Steelhead Association advocates a long-term plan that protects from flooding and erosion and that at same time doesn't deplete habitat available for juvenile steelhead that are rearing in the lagoon.

It was just poor management. Looking at it from a professional point of view, the procedures and policies weren't there to control things.

No one knew what to do with it (at the time). The biggest problem is bad management, if you don't have someone who's behind you.

A good story has things that draw you in, like great management and great fundamentals, ... A good investment has many of the same characteristics.

They started raising issues like 'What's the training the CEO has to deal with financial planning, strategic issues, personnel management, marketing?' It's had a significant impact on the thinking.