2242749 Ont Ltd. AIIFF

What's the plan for 2014? How low will this go.

[Thethruthhurts]

Ok enough silence and wow can this baby drop!  How low will it go? Is there any interest in some group coming in and buying them?  Will Brookfield shut it down and piece it off? or will Armtec just keep on rolling along and watch the industry competion get stronger and get busier? 

Sources close to the ground see the 2014 construction season in Canada as being focused on water works infrastructure.  Great news for the industry and great news for Canadians but no so much for Armtec.  While other companies have access to water transmission pipe through either manufacturing or distribution Armtec has limited access to watermain type products.  Another missed boat in the long line of missed boats for Armtec. 

Do I hear $1.00? 

#armtec #waterworksconstruction #missedboats #howdoyourunthisthing?

[RazorSharp]

Don't beat yourself up.  That's what happens when you have weak leaders and an inept board who will not deal with it.  I would think it will be a penny stock in the 1st Q next year.  You would think that there would be a major downsizing, a retructuring and some message of hope.  As I have said before, if they brought back the old guard who were thrust aside, there

[RustyNail]

Ok - so you guys and many others say management isn't doing what is needed to bring Armtec back. Anderson is a smart guy and he's pulling the strings (at least at his level) so what is the agenda? I'm told they have programs/plans to make headway but is that enough? How long do you see it taking to make this company strong again. Razor - A major downsizing would mean what? They are

[RazorSharp]

Rusty, With regards to restructuring I was referring to flattening the pyramid.  That is reducing the layers of management.  Right now they have 6 to 7 layers.  In the old Armtec they had 4.  Add to the bottom, reduce the top and streamline HR, IT and Finance.  As for the current CEO, I am sure he is a smart guy, however one has to question his recent Executive move

[Thethruthhurts]

Rusty and Razor, The key thing to remember about Armtec is their ability to compete in today's market place. All of their manufacturing capabilities are very very very dated. The company is desperately needs a major capital program to improve both process and capacity. They can tell you all they want about "lean manufacturing" but what is it relative to? It is relative to their old

[RazorSharp]

Well said.  I agree with some of your points, not all, nevertheless, you have been very thorough.  You hit the nail on the head which I have mentioned before and that is relationships.  That is the key, and current Management doesn't get it.