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Stoneridge Inc. Message Board

  • bambam5718 bambam5718 Nov 11, 2013 4:22 PM Flag

    Money to make acquisition

    It was stated in the quarterly conference call they are looking at making an acquisition early 2014. Did anyone ask where the funds would come from to make any acquisituon? Would they be looking to sell off a division to raise money? Board is DUI.....padding their own pockets. Mark this commnet for future reading.

    Sentiment: Strong Sell

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    • Since Stoneridge became a NYSE traded company, the share price never broke the $18/sh level. I would call that abysmal performance for the shareholders. Notwithstanding never has there been a dividend or split which would have dilutive effect on the sp. This management group is incapable of executing a successful acquisition. Heck, they can't grow the businesses that they manage now.

12.19-0.03(-0.25%)Sep 3 4:02 PMEDT