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IEC Electronics Corp. Message Board

  • dabreeze21 dabreeze21 Dec 19, 2013 8:40 AM Flag

    Formal SEC inquiry/SCB Write-down

    This company is a complete mess, people. I don't know why anyone would still hold this stock. Profitability is horrible, debt was up again last quarter. Increased revenues don't mean anything if your margins keep going down. The SEC changed its investigation from informal to formal in the restatement fiasco. SCB was a huge mistake and falls on Barry's shoulders. I see his employment contract was modified...I hope that means they will kick him to the curb ASAP. This company needs a major reboot. Barry is like a cancer at this point. He's gotta go. The wheels have fallen off.

    Sentiment: Strong Sell

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