That is a troubling sentiment indeed. No business is any greater than it's most unethical, dishonest, selfish or incompetent people. Orion is no exception, not even a little. A business is people, a consortium of people. Good people are a business’s greatest asset; bad people are a business’s most dangerous liability.
my comments are more personal to certain people and if they read they understand my innuendos . and i know they read. i just like to get in a good dig once and awhile . sorry to all. i just do not like these people.
Except for longs like LuckyJim1933, no one as samg751 explained his comments above.
Sentiment: Strong Sell
maybe he does live their during the week . seen him on the weekend . wounder if oesx has a condo in chicago? company perk? but i do not think josh goes to chicago. maybe hes not invited to the chicago office. shortlikemidget i do not want you to get hurt so you better just stay home.
energy54220, you know more about this industry than anyone else I know of. You also know a great deal about Orion. Are you actvly involved with this industry? Do or have you had invilvment with Orion?
Sure - ESCO's are the companies selling Orion products to the End Use customer. Typically Orion can sell to these type of companies without paying commissions and they are selling their higher margin products.
The problem with this company comes down to defining "succeed" I do believe it is hopeless for them to go through distribution and try and compete vs. the big boys longer term as a lighting manufacture. The only way they stay in business is to go private and focus on profitable transactions where they can add value and not worry about top line growth.
People like to bash the management but its really unfair. Without John and his solar revenue, the old management would have been belly up years ago. Without diversifying their product line and buying Harris giving them inroads into government and retail, they would be gone. Without cutting costs and getting new people on board, they would be bleeding cash to death.
Its possible they start to ride a little wave here for the next year or so and hold on but the upside relys on them selling commodity grade products and beating large established players while turning a profit and I just don't see that happening.
shortlikemidget you keep coming up with new ideas. maybe you , john and josh should get together . since there neighbors they maybe will invite you over after hours to brainstorm on new ideas. i bet they are at each others houses all the time because there such good friends. maybe start a campfire and drink some cold beers. i would join you but im not liked but you can stop over after i live just down the road.
Can you tell me about an ESCO? I believe its an energy service company, but who and how do they apply to Orion?
Is there any hope this company could somehow succeed long term? With or without a management overhaul? When I say succeed, I mean beyond the next year, say three to five years? If so how? Or is it hopeless?
MTW is Manitowoc. This stock will be a while to be delisted. Their management is quite good at pulling rabbits out of hats (selling building, $3.50 a share offering). We will see some good wins to give hope over the next year. The highbay retrofit market (where their margin is) will be driven by ESCO's, not distribution. Once some of the low hanging fruit is gone they are selling directly, their mix is going to shift to distribution. When you see the wins being commodity grade products through distribution, you will know that isn't sustainable unless you see rapid volume growth. When they stop seeing ESCO growth (which likely they have seen a decrease from existing ESCO customers but don't break it out) it will be a matter of time at that point because they are going to replace higher margin ESCO business with lower margin distribution while paying commissions.
What's MTW? When do you envision the desisting to take place? You are very knowledgeable, how do you know so much about Orion and the industry?
Depends on the path forward they take - likely de-listed and taken private - probably out of bankrupcy. If they are bought - it would be distressed sale. What are you really buying? They likely move out of MTW so they won't have a real plant or property or proprietary manufacturing equipment.
All of their employees have limited experience at the company except for maybe a handful who would likely be fired in a sale. Their products are fairly commodity grade besides some of the highbay products. The price point of the highest lumen really isn't sellable so what are you really buying?