Post by
onewkn on Feb 09, 2022 1:28pm
Well, here we are, another month gone.
Well, here we are, another month where the Kelso management and board members have been paid another $50,000+ - for what?? There is dead silence, no company news and the stock is meandering with no direction. And, in case you haven’t been following the freight rail news, the forecast for new tank cars is FLAT for the next two years. No growth, only replacement of old tank cars. And the industry has already replaced a lot of the ethanol cars so no growth there either. If Kelso is losing money in this current market, what makes you think they can be profitable going forward? Management better wake up! Adding to all this is the acquisition of a Kelso competitor, Rego, by Dover Corporation, the parent of Midland Manufacturing. Not good news for Kelso! Again, management appears to be sitting on their derriere! As I have already said, VOTE YOUR SHARES WHEN THE PROXIES COME OUT AND BOOT OUT MANAGEMENT!!