They are operating with the same G&A levels when they were a $3.8B company with 5 major platforms. Now they are basically Great lakes and Anderol. When are Rogerson and Forsyth going to take pay cuts since they have less than 1/2 the business and work they used to do...$6.7M in 2013 waiting on the proxy to see how much they pulled in 2014.
And Chet Cross-what does he do now? Everything is outsourced. They paid $1M for his relocation to Shanghai (on top of his $1M in comp) only to have him return within a year and give him this plum assignment. Dumb f%ckers.
They also need to cut BOD fees - talk about overkill. They get about $200K for doing nothing. That's $1.4M in BOD fees. The only better scam is a union job.
Market cap is $1.8B, sales are only $2.1B and they will report about $40M earnings (engineered will have losses that even performance barely covers). $0.75 EPS doesn't do it folks. But that's what happens when you sell of the profitable businesses and hold onto the anchor in El Dorado. Drowning in brine....