Morgan Products LTD. (MGN) Message Board

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Non-Tech : Morgan Products LTD. (MGN)

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To: set who wrote (12)	9/18/1997 6:01:00 PM
From: John Stichnoth	of 16

And then things go...THUD. Stock is down from 8.75 high to 6 close today, a 30 pct drop in a week. Company announced further problems in new manufacturing line, affecting earnings through the rest of the year. The manufacturing transition has been the risk all summer, and clearly the company's top priority. These problems have now apparently begun to adversely affect acceptance of the company's products--if I read the press release right? Isn't that what "the residual impact of customer service issues" means? biz.yahoo.com If they can get this thing straightened out, things might start to happen. js

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