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Stoneridge Inc. Message Board

  • michaeljohns1359 michaeljohns1359 May 9, 2013 11:58 PM Flag

    Earnings Call Today

    Another Stoneridge earning call and more confusion; how is it possible Corey and Strickler get worse at these presentations each quarter? I listen to 2-3 earnings calls per week and the Stoneridge presentation is strictly “amateur hour”…note to Corey…Stoneridge is listed on the NY Stock Exchange, get someone who can give a professional presentation and not simply read a prepared script during these earnings calls. In addition, when did a potential “spike-up” in business volume become a bad thing…Corey seemed to be confused if Stoneridge would be ready for a potential spike-up in business in the 3rd and 4th quarters? Forecasting heavy truck and agriculture vehicle production shouldn’t that difficult…doesn’t Stoneridge have personnel on-site at these customers?

    Simply stated, these Stoneridge earnings calls are more confusing each quarter…tell me what’s going to happen in the future and not dwell on the numbers from the past quarter…I can read a earnings report, but want accurate guidance on future business projections…I’ve met/respected Max Draime for building this company, but he’s surely spinning-in-his-grave watching these buffoons run Stoneridge like a kids Kool-Aid stand!

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    • Thanks Mike, my sentiments also. The track record of Corey and Strickler is below average for comparable execs. Share price has stagnated; no dividends; a horrible record of acquisitions; poor foreign operation execution; earnings based on triming operations in the back of the employees. Not a growth company poised for a accretive earnings in a recovery.

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