GREY:AIIFF - Post by User
Comment by
RazorSharpon Dec 05, 2013 10:31am
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Post# 21974116
RE:Crickets Chirping
RE:Crickets ChirpingThey do have a plan (2015), however it is not the right one. There is no doubt that the balance sheet is an anchor and does not allow any freedom to move. They may be past the point of no return. Nevertheless, I am amazed with the recent move of leadership, not the departure, but the incoming President. They need to move quickly and invert that bloated pyramid. They need to go from 7 layers down to 4. IT, HR, Finance, etc. need to be downsized. In experienced Managers need to be let go. They need to bring back a "Hunter Harrison" type who knows these businesses. They keep setting themselves up with bloated Sr. Compensation packages. When they don't work out, these guys walk out with a king's ransom. The old "Armtec" did not have contracts. I am sure "Competitors" are circling and waiting for a breakup, bankruptcy, firesale or you name it. I looked at that insider report from the prior post to yours. I am amazed some of these successful buisness folks buying shares in the $2 range. It is a sinking ship and running out of time. I also think this blog has gone quiet, because most have given up. Too bad. Once a "Crown Jewel", now one of the worst I have seen during my investment career.