Hi Lawreal,
It is unfortunate that the company has again "stumbled."
There are times that it appears (even to me, as the company's biggest
booster) that it would profit the shareholders more if management spent
an equal time watching the vendors instead of meeting with Wall Street
types (of which I am one!!).
Nevertheless, all of us have certain talents to utilize, and we are
each better at some things than others. Current management certainly
has vision, and there isn't anyone else I would rather have running
the company in a way to achieve great strides with the technological
capabilities that are in house.
In time, as the appropriate "mass" builds, we will see some talented
middle managers added to the mix, and my guess is that the very
decentralized approach that Simula takes in running its businesses
will be more formalized and with more accountability put in place.
When the senior people strike the right balance (and hopefully, this
downtick we have suffered is the equivalent of a productive "wake up"
call), there will be a healthier balance struck between the creation
of technology and profits.
I believe they are up to it. And, following the consolidation of the
San Diego plants, there will be fewer excuses for underperformance.
In the meantime, ITS appears to obviously be "on the way" to crashing
Detroit's (and Europe's) party, and we are going to be the next bad boy
on the block.
Although I am at the AEA Conference in San Diego, I will try to post
following the Monday press release.
Have a good weekend. |
