This stock price is a travesty of poor management, lack of vision, and no enthusiasm for the markets Sypris serves. Back two years ago, I liquidated stock and warned everyone to get out as the stock rode down from a high of $23 (when I was hired) to a low of $12 when I was laid off along with a lot of good employees. I guess they found out that random layoffs without a strategy is simply another straw on the camel's back that has led the company to where it is now...a penny stock. Shame on the Gill's for destroying this company. Judging by the market value of the company, their once nest egg for the future would indicate that they are only qualified to hand out buggies at WalMart now.
Very good message. It's amazing how this stock has tanked. Interesting to note that the latest investor report is delayed until 12/18 - wonder what new insights Jeff is going to bring to that one. Did you also see that the company is planning on investing millions into expanding Morganton, NC (no-union shop) - obviously to shift the Kenton plant (union shop) there. When I worked for Sypris, Morganton was the best plant in Technologies, but all of the plants are pits. They need extensive overhaul. Sypris needs to re-evaluate its business model and decide what it wants to be. Test and Measurement is only division making consistent profits.
Is it for a procurement position? Regardless, tread carefully, especially if you are currently employed. Ask their HR there retention rate is and how many layoffs they have had in the past 12 months. Try to negotiate a guarantee even if this is not a sales position. Do your research, this entire industry is in decline.