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Magnetek, Inc. Message Board

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  • magconcerned magconcerned Jun 1, 2003 6:35 PM Flag

    First-rate company...

    If the strategy by Mr. Galef and the Board is one which is to allow the company to succeed, when will it result in profits after-tax and positive cash flow? Until results match the rhetoric, we as stockholders are "stuck" with a company that appears to exist for the benefit of only a few. The Board appears to have allowed a "restructuring" that was detrimental to the value of shareholders (stock price). No matter the spin, we as stakeholders would like to see signs that the company is making progress -- Profit-after-tax and positive cash flow? When do the industry observors project that to happen?

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