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IEC Electronics Corp. Message Board

  • allaliasesarehallmark allaliasesarehallmark Jan 10, 2014 9:35 AM Flag

    All signs point to IEC about to be sold or already sold

    Read the tea leaves ya pikers. Barry blew it. He squandered all the goodwill the iec feel good story had engendered and now he has to go and in preparing for the likely buyout they have cut temp, permanent, and management staff and taken the big accounting writeoff an acquirer would most certainly demand in light of the SCB crapfest clanup cost. Their two big vp's schlarbaum and doody and their payroll are set to be off the books. Everyone knows Barry should be out and likely will be out. the customary "stay on as a consultant for a specified period of time" is locked up for Commodore Barry and for Doody. The California high overhead albatross has been cut way way back and all new business is going to low cost low tax low overhead well run GTC in New Mexico. Ummmmm, how much more do you pikers need. Forget tea leaves, this is a 2x4 to the head screaming IEC is to be sold to a bigger, better capitalized outfit that can better run and profit from it.

    Stock is not going down unless a few idiots can't figure it out a buyout is very likely on the way and panic sell right before the payoff.

    Oh and happy new year's ya pikers---allaliasesarehallmark.

    Sentiment: Strong Buy

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IEC
4.59+0.19(+4.32%)May 22 4:01 PMEDT