RE:RE:RE:RE:RE:RE:BOD change newsKK – you obviously need to re-read my post. The meltdown in the market didn’t happen till last week – I’m talking about stock performance over the last 5 years! The stock has not been able to hold over $1 during that time. And the stock was at $1.60 for an hour! Yes, Q2 was off but Q1/Q3 was strong and the company basically came out and told us they will be ending the year strong. So what is the market waiting for?
Maybe you weren’t around but shareholders should be p***ed about most of the board changes. The BOD is supposed to hold management accountable and bring experience to drive the company forward. Bill Troy was a long time KLS director, ran a successful trucking company and owned 1 Mil shares who was replaced by a retired banker. Neil Gambow came from a competitor and was well known in the rail industry and was replaced by a divorce attorney. The only great change was Jesse Crews who is by far the best board member we have but replaced John O'Neill who was well know in the industry as well. If Kelso was really interested in upgrading the board they would have gotten ride of Hughes and Cass who are useless.
So you see, I highly doubt this new guy will drive any sales but your so smart I’m sure time will tell that I’m wrong. I actually hope your right.
BTDS – agree that the stock has held up well compared to the rest of the market but if I had to guess its because the stock is mostly held by long term shareholders.