Interested to see what IR saysI have no issue with long-term holders being upset. I bought a few shares many years ago, and it has not been a winner for me. So bad in fact, that adding never seemed like a good idea.
But now that they have a new President, and a recently hired CFO, that I hear good things about, I have finally taken the plunge. Now with 25 facilities, and some new marketing agreements and partnerships, and the roll-out of a couple of new brands, I think they have the scale to gain some cost savings and lower expenses. Important here not to over-react. Company making money, has cash to complete all the intergrations and roll-outs, and now they realize that cost containment requires a much better focus.
Also, most of the costs and spend the last 12 months or so, was spent on deals and intergrating new companies. It took a lot of marketing dollars to promote them. Almost all those costs are behind them now. If the new CFO is even half decent, then they could easily improve the cost structure over the next 12 months. But I agree, will need to see it myself, even then, I will be surprised to some degree given their past history.