Post by
onewkn on Nov 16, 2022 1:20pm
Same old, same old.
Well, no surprises in the 3Q financial report. Another quarterly loss and another promise of future sales of the suspension system. Looking out to the year-end, Kelso should have about $11 Million in revenue (all rail) and a loss of over $1 Million. The last time Kelso had revenue in this range was 2013 when sales were $13 Million and net income was $2.4 Million. Let’s be real, Management is a colossal failure and needs to be replaced with people who know how to run a business before the business tanks. Look at the stock price. The market has no confidence in them. All we see is a nice rail business hobbled by investment into an un-proven suspension system in a market they know little about. The risk of product and market failure is huge!! They have been promising sales of the suspension system for three years and have yet to deliver. Now we are looking at 2023 and there is no reason to think that will happen. Time to start looking ahead to the next annual meeting and vote them all out!