Thanks Mike, my sentiments also. The track record of Corey and Strickler is below average for comparable execs. Share price has stagnated; no dividends; a horrible record of acquisitions; poor foreign operation execution; earnings based on triming operations in the back of the employees. Not a growth company poised for a accretive earnings in a recovery.
As a long term owner my respose to you is GFY. The conference call doesn't inspire confidence. Todays modest gains will not hold. The Board should sell this broken business model.
Corey you had another poor earnings report. If this Board wasn't in your back pocket you would have been sacked years ago for that disasterous Brazilian venture.
I'm sure you will be congratulating yourself and the Team for improving the balance sheet while the top line growth stagnates.
When are you going to pay a dividend? or grow share price?
Sell the damn company and retire with your Team of less than average executives.
You did come up with this conclusion all by yourself, Einstein? Look this business model is not viable on its own. Supply managment requires integrated logistics and the finacial resources to float receiveables. Did you read the article in the WSJ that companies are taking up to 90+ days to pay their suppliers.
Fat chance for this. If it wasn't for this gig, this executive group would be toiling as mid-level managers earning an average pay. There's no excellence here; only less than average exec's.
I realize that I made a poor choice by selecting SRI as an investment. The only ones who will make out ok in this company is Corey, Strickler and some of the execs. FOr the long-term investors we have had no sp appreciation and no dividends. Nothing but lame excuses while the pigs at HQ earn a nice living.
Where is the Board?
Here's an opportunity to let the Board know your feelings on the gang in power. The section on compensation would be a poignant reality check for the performance of the Company's management . But I am a realist. GS and the big boys won't demand too much pain from Corey, Strickler & the gang--at least not like the l.t. shareholders.
Lastly, as you review the members of the BoD re-election, withhold your vote for those who have just occupied a chair through the years.
ALso RingCentral which is also a cloud technology.
On the other hand the recent $250M registration indicates that there's more on the way with this company. After nearly a decade as a shreholder there's nothing yet to persuade me to sell.
Sure, generally investment bankers spread their bets to average out large swings. Just look at the record over the decade. Stoneridge has lagged their peers in sales, RONA shareholder's equity. No dividends...nada.
The Board has to do the right thing and demand managment performance or sack and replace.
How's this for our management performance : http://finance.yahoo.com/q/it?s=SRI
Corey and his gang must go. The Board must step up and do the right thing for the shareholders and sell the company
The markets are flying and the SP lags. Time to face the facts that as a entity this company is worth less some of their operations. Corey & his team are not cutting-it for the shareholders.
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.