Barasch bought a new company on Jan 11 of this year for over $200M. That day pps plunged from the upper $13 to $10+ and it has been downhill since.
He supposedly bought the company to boost UAM's chance of increasing government contracts. To date he has nothing to show. Has the Board of Directors set a timely deadline, which should idealy be soon, for him to show results or get fired? Or are the board members his stooges who are not running the show and are allowing Baracsh do what he wants and keep getting high salaries and stock options?