The current corporate culture of TEN is best defined by the locations of the "new" corporate offices....Greenwich, CT and Lake Forest, IL. Nice locations for a company that primarily makes boxes and aftermarket auto parts! Guess the corporate officers and senior management of TEN CORP, TEN AUTO and TEN PACK prefer being a 9 iron away from their country clubs and mansions rather than spending time with their customers.
Now lets get serious shareowners. Biggest boom market in history and whats happening with TEN? Nothing....But hey shareowners let's not be too tough on ourselves for owning this dog. We can all gain comfort in Dana's inspiring words addressing the "cyclical" business units of TEN. I don't want to sound sarcastic, but what business isn't cyclical..sir? The Federal Government? The shareholders and street analysts would prefer to hear the "poor management and huge overhead expenses" explanation for the poor TEN stock performance over the years.
Dana, do the TEN shareowners a favor and spin off the remaining two units.