Can't Pension Obligations be severed with a buy-out?
Given the earnings, it would look to me that some type of takeover and the casting away of pension obligations would make this thing into a big winner. But, what is the liklihood of that happening? Or, am I thinking way too much of the 1990's (smile)?
Could be the cow needs to go on a diet. The cash cow. Look at the monies paid out to Bill Hunt (of Arvin), Larry Yost (the commander of the Arvin deal) and Carsten Rinehardt. The disregard for shareholders that would give way to such lucrative contracts to individuals in leadership roles when the lack of performance in such capacities is rampant. Do not believe the people making the parts in axle plants are the culprit of finance issues nor should those individuals pay the tab for the cow.