Industrials is my only hope of saving this company. This has been the only segment to produce a profit. Get someone that knows what they are doing. IMH folks know how to make money. Sell Value = Profit!
Well well well....that was a bit of a disaster....looks like young Mitch is not going to accept 5 more years of irresponsible low margin, give away pricing and earnings debacles. Thats a lot of debt...seems like maybe cash is running low and 57M available in the revolver. "Lucy, you got some 'splainin to do"...how did it get this bad? Anyone? Buehler? BTW, does the Young Mitch get carded when he goes he goes out playing black jack at IBS.
They are to far end debt, we will see how much they had to borrow tomorrow, I expect the 1st quarter to be a disaster, go like Border Books, the banks refuse to give anymore money, no longer able to operate