I have owned PII since 1991, and do not remember feeling so distraught about its prospects, certainly near term. Moakeybear, believe you may have been correct some time ago. Scott Wine has pushed the company
relentlessly for profits and growth, which is good, up to a point, but I have always been suspect of his "lean"
mantra, read: cut corners-don't do due diligence-bang 'em out the door!
One thing for sure: he better bend over backwards now to take care of the dealers, and every customer affected. A resultant image can be one of two takes: 1) PII makes crap, and doesn't stand behind it, or 2) they had
some problems, but stood behind their product, and made it right.
Stock could go to $50, or lower I'm afraid.
Where is the bottom? Should be close now, $80 is a 13 P/E.
Single obsessive focus for Scott Wine, immediately, is to take care of customers affected by recalls, if the company does it right, PII's image can be enhanced, yes, enhanced by its response to the mistakes. Customers
remember, long after a problem, how the company stood behind its product, less so the problem itself.
The silver lining is there, but Wine must grasp it, with no foot dragging.