You called it; what about yesterday's announcement with Ivor Evans taking over and McClure gone (I presume you meant McClure vs. Douglas). Now given the large volume of the May 6 call on Wednesday? insider scoop? Over all what are any one's thought about new Management?
Company has spent some serious money righting their own stupid mistakes. They are well positioned for an upturn that has failed to materialized. They have failed to realize that this is the new normal. Their management has a problem understanding the realities of the post 2008 world and how to control their expenses. Their reaction time is slow if non existent, an upturn will come if they will quit shooting themselves in the foot and maintain. If they cant be profitable at these levels they will be in a world of hurt which is what is happening now. Chip only knows what subordinates tell him and their only looking out for themselves. Its cover your #$%$ time lol.