Sales of $1.0 billion and a market cap of only $112 million? Some one already in business can buy at approx $250 million, dump losing parts of business and roll profitable businesses into existing business. The Board should ask Management to shop this around or demand DRASTIC reform/restructuring. This requires bold action. JMHO
Snoop...I think the CEO is doing that...Cleaning it up, but in the current state, balance sheet, cash flow, EBITDA, etc. $250M is a bit rich in the current state of union and business.
The business is being cleaned up as we speak and if the economy helps us out any next year then you might see a little bow put on it and it will be worth more to shareholders whether it has a bow on it or not. Need balance sheet cleaned up and debt paid down to make it more attractive in this financing enviroment. The board appears to have tasked management with this per your request. Enjoy the ride.