Market is telling the tale of XLS. It appears rather bleak. Mgmt. fiddles
This company wants to live like its the "fat city" days of the past. They are bloated by overpaid exces and staff and won't be able to survive profitably without severe personnel cuts. The Board of Directors have little defense industry experience and are content to lap up their fees and share grants. This company looks like a poster child of the "old" American companies that have failed. The Board of Directors better learn about the industry and not accept the pablum they get from XLS mgmt and CEO.
Shareholders derseve better, more capable oversight but it looks like that is not the case. The Board of Directors member thjat loaded up at the top shows more than any other factor how clueless they are.
This company is a POS. I bought back in November thinking it would do well after the spinoff, but after 8 months I regret ever thinking that. I sold off all of my shares and am done with it. Maybe I'll join the shorts club.