We are still suffering the Barry hangover. A few impatient shareholders are dumping as they expect 1st and 2nd Qs to be poor. Duh! 1st was finished before the vote and 2nd was well underway. If either looked promissing, Barry would gave released any good results to help save his job.
This is a great time to add a few shares at discount prices. Jeff was the primary force in IEC's 7 year growth spurt. It will take a few months to correct the problems and began their next growth spurt. Barry had 2 years without Jeff to crash the train. I plan on giving Jeff at least two Qs to get it back on the tracks and a couple more to get back to speed.
I'll buy a few more shares at these prices whenever I free up a little cash.
Barry was CEO over 12 years. With the current CEO as head of sales and then president, IEC grew at over 25% for seven straight years. Even with those results Barry with his secrets and warnings of the "Macro economy" never got IEC to a 20 PE. Then he killed the golden goose with the SCB blunder. Solution toss Jeff as a sacrificial lamb but keep SCB to lose money and sales. Barry had 12 years. Maybe we should at least give the new guys 12 weeks before we gripe too loud.