Eric,
My use of the word "unexpected" was quotated to imply the questionable use of such adjective to describe Schroeder's problems. Certainly, there were segments of the market that were surprised by the shortfall contributed by DIMD's core biz, but I & Co.
More appropriately, what should have been quotated was the word "problems," because rather than describe DIMD's profitability picture, it describes Schroeder himself, as well as his board, in maintaining his tenure as CEO of this company. Undoubtedly, Schroeder, for several reasons, has earned a well-deserved credibility "problem" with The Street. While Schroeder has tried in earnest, & has been moderately successful, in reorienting this company, maybe its time to replace him with a CEO that is more focused on the bottom line because he, IMHO, has shown no respect to cost & inventory control & the bottom line interests of SHs. JMO.
PS. I think the Board will give Schroeder one more Q to demonstrate to SHs that he has restructured this Company to longer term & consistent profitability. Until then, IMHO, this stock will stick around current levels. |
