Are we discussed yet?Things do not seem to b improving at Kelso. The investment community has lost confidence in the management team as evidenced by the weak share price. For anyone hoping for a spike in share price, why would that be expected? The tank car market is stagnant and will stay that way for a long time. There is no big boost with a new commodity like ethanol or crude oil coming to cause a significant tank car volume increase. Service trials are very slow and the suspension program is nowhere to be found in recent PR releases. Expecting a significant change in share price because Bond may want out is a non-starter. There is nothing that indicates anyone is watching let alone would run up the share price as that would be speculative at best. There is no proof of performance improvement in the offing that would support a share runup.
All this along with the outrageous pay and bonus plan for the Board and officers is reason enough to call out management. Haven’t shareholders had enough of bad management?
The best way to increase share price – management SELLS the company and disappear!