productive enough, Beech wouldn't need to hire consultants to improve operations. Sometimes one has to lay off 5% to get the remaining 95% to work 10% harder. That is how productivity is increased. Any salaried worker putting in less than 60 hours per week is cheating shareholders. Beach being the nice guy that he is would rather discard low performing asset rather than do what is necessary to get a decent days work from his grunts.
Can't you take a joke? I have to admit that I know very little about UCL internal operations. I bought here based on previous support, fundamentals, and the desire to own a large cap E&P play. I saw Beach on CNBC about a year ago, where he stated that they were divesting some operations to have more exposure to potentially high margin E&P. I think that makes sense based on the state of the oil and nat gas business. If I wanted diversification, I would buy a mutual fund. UCL can be a major trading vehicle in the future for those wanting a large cap play. IMO this is a great buying opportunity as weak holders exit because of OPEC and political concerns.