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LMI Aerospace Inc. Message Board

  • cpa38 cpa38 Nov 19, 2013 11:42 AM Flag

    What a disaster

    D3 has to be the biggest #$%$ of all time. What a total waste of shareholder wealth. 175 Engineers farmed out to BA at beginning of year. 60 in August, where Ron thought would level out. Down to 27 now. Down to zero by YE. Wow, speaks volumes about the LMIA relationship with BA.

    It's worse. To hang on to some of these people, LMIA is trying to absorb them into internal operations. Can you imagine all the travel and relocation costs being absorbed now? Who in their right mind would have thought it wise to buy a consulting/services company that services a highly concentrated industry, where the vast majority of the potential customers are your competitors? My god, the stupidity of this acquisition is absolutely stunning.

    Why is Ron still employed? Why are any directors who approved this acquisition not shamed off the BOD?

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