Walt, great assessment of this company. While investigating deep into this company I detirmined that Szews is an accountant by trade, which in most cases is an exceptional trait for leading a company, especially during downturns. However, in this case, he has proven to be one that cuts and cuts to show improvements (slight of hand). This will work in the short run, however, long term its met with serious consequences. Long and short, their non-fed.govt. companies (Jerr-Dan, McNeilus, IMT, Pierce, etc.) have lost significant talent structure necessary for long term sustainability, the kind that built the aggressive Oshkosh growth engine. This is evident in their significant marketshare losses. Customers are a different breed vs. govt. contracts. I am concerned Oshkosh is learning this the hard way now. I agree with you Walt, this board should clean house now, before its too late.
Bad management in this company. Marketshare is crumbling fast in all segments, defence, construction, fire, and towing. Only making money now by gouging the customer base, soon this will come to an end with the next easing of the economy. Szews will cashout before that and take his multiples of millions. Start asking the right questions board members, you owe it to your investors.