RE:Anyone listen to the conference call?Lisened to the whole thing. As usual the spin was good, they indicated the margin loss was expected and strategic, and should work upwards over the next few quarters. They did say they expected the sales to grow to the 500 m as projected by the end of the year.
Fernandez is going to stick to his guns, that the primary objective is always growth over the next several years and if it is at the expense of profit growth, so be it. I read this as saying if you don't like this, get out of the stock. The Texas facility should serve the company well for at least 5 years, unless sales get out of hand.
Dumping Fernandez might feel good, I'm pretty ticked off right now too. On the other hand the company has always been HIS vision, and that vision was supposed to be for the long term. I will stick with it for a couple more years and see if he can pull it off.