As corey states: "We have adjusted our cost structures to reflect the market weakness and expect to see continued financial improvement in 2013 and reaffirm our full 2013 guidance as published on February 7, 2013," .
Face it guys, your Brazilian acq. is a qualified disaster. Your timing was horrible and with that you get freebie options! Where's the Board in setting up some time in the penaty box for these clowns.
Stoneridge hasn’t made a profitable acquisition is many years…they need to learn to run their current core business before trying to be a take-over specialist. The Bolton Conductive Systems acquisition several years ago is current scheduled to close in the next several months…Corey and team spent $5,865,000.00 on this failed acquisition…Google the Bloomberg article on this acquisition…someone should have gotten fired over this latest failure.