I'm confident that Sifco is positioning itself to be acquired. Lipscomb has experience in this area. It is also my belief that Silk will be playing a role in any sale of the company as he too has experience in this area. JG has been CEO for a long time and the last link to the Sifco past (I believe). Maybe the guy just wants more experienced negotiators and a nice comfortable retirement.
Lipscomb, 63, led Argo-Tech Corporation through five bank refinancing transactions and four high-yield bond offerings, and successfully managed the sale of his company to Eaton Corporation in 2007. This company will be gone soon. They are earning at a rate of $2 annually. Sales usually occur at one times sales which would be $19/shr, 6.2 x EBITDA and 9 times earnings. 40% upside and a tax free sale to Northrup or Eaton or some other aerospace company with a fat dividend.