How long will the bleeding continue?
Bluelinx will make money in the 1st quater. But, the rest of the year looks really bad.The divorce from GP is a real killer. GP and everybody else are and will steal their customers away. Bluelinx cannot win this one, IMHO.
I am just asking... why do you think they will be profitable in the 1st quarter, isn't that historically supposed to a bad time of year in the building products business?
As of last summer I would say Cerberus made it pretty clear they were in for the long haul.http://phx.corporate-ir.net/phoenix.zhtml?c=183021&p=irol-newsArticle&ID=1588711&highlight=This company might not get back to where they once were, but I don't think they will be going away.