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The L.S. Starrett Company Message Board

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  • pmlljl pmlljl Jun 13, 2003 4:04 PM Flag

    Legacy costs:

    I understand your analysis and thinking but the market has little confidence in the management of the company and its ability to fight off foreign competition in its industry. I suspect the market is right, at least for now, and they are driving the stock to new lows on increased volume. For now, I think it is at least partially a matter of priorities. With the company's business under siege in a weak economy, management will most likely try to save itself and as many employees as it can. With the continuing demands to fund healthcare costs and retirement costs, there will be little if anything left for shareholders. I am glad I no longer own this stock. But, if prospects brighten, I will consider it in the future.

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