I first discovered this piece of garbage company back in the early 2000s, at $7 a share. Round trip time. That's what happens when you have a CEO who acquires garbage, with ZERO synergies, and massively overpays.
Who in their right mind thinks an design firm serving a highly cyclical industry is a good fit for a manufacturing operation? Especially when the design firm has revenue streams from the manufacturer's competitors.
What about this piece of junk manufacturing consulting operation Ron bought years ago? Yet another terrible acquisition. You simply don't buy businesses that do business with your competitors.
Ron is an idiot when it comes to acquisitions. And LMIA shareholders are paying the price.
Yes. Anticipate heavy tax loss selling may provide a bounce trade opportunity. Especially strong possibility if we can heavy selling next week after earnings results. Still think single digits possible before year-end.