wpckr......its a 22% better investment than it was yesterday.
They won't lose any seat orders. The demand for seats far exceeds the infrastructure available to supply them.
They just are stupid at organizing for real business production. They priced competitively with the other (BEAV) seat suppliers, and then could not produce at the same unit cost (assuming BEAV makes a profit on its seats). Forget the hype about having a better seat.....its true....but no buyer gives a damn. The airplane companies need SEATS, both for new planes and for refurbishment.
These guys (our management) are not production trained.....they are from the world of government contracting on low unit volumes.....They are safety scientists and accountants...... They just simply do not know how to produce economically in volume quantities.....
And the real question is, WILL they learn, or WILL they bring in a real person who actually can stand up and deliver economic production in volume on the 16G seats ??? ........ And, will I, or anyone, still be here when they do ???
I think the reality is that they will have a bunch of new shareholders in at the $6-$8 range over the next six months, who will be delighted when the company earns $.50 in 1999. Management, like Clinton, will skate. Pathetic. mcd |
