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?
Magnetek is currently followed by three investment firms whose equity analysts have researched the Company and regularly publish their opinions of our financial prospects: Stephens Inc., Needham & Co. and Raymond James.