Another foolish move by John Orr. He must be driven to destroy Myers Industries. Every move he has made since he came to the firm has been questionable. He has lost stock holders millions and this is just the beginning!!!
Does anyone know when the restructing of MTS takes effect? Where are the distribution centers going to be?
It's been my experience that several "experts" believe that each branch provides a certain amount of overhead that cannot be justified in today's instant gratification world. However, MTS end users (customers) are people that work in automobile repair shops, etc. This is either going to be a really bad move or a really good one. However, if it becomes a bad move, I believe it will sink the company.
Now come on, I think everyone, myself included, has ranked on poor John Orr long enough. I mean the man received a bonus because the company had an operating profit even though it ended the year with a net loss. Now, don't you think he would have given the bonus back if the company was in real trouble. Besides he forced the last person with a Myers name out. I mean he's doing a wonderful job of turning a money maker into a loser. I for one blame "The Great Recession", Ted Strickland and Chris Bosh.