To: Karl who wrote (1444 ) 7/23/1999 9:32:00 PM From: WalleyB Read Replies (1) | Respond to
Looks as though they have increased their revenues well, now they need to control the costs that eat into it and when they do so the company will begin to see their stock rise. that seems to be the hope and thrust of the following statement from them:" ''Although the Company's strategic acquisition growth over the past year hurt our profitability by increasing interest expense, we have become a significant player in specialized engineering and manufacturing for several global markets,'' said Mr. Wright. ''We are now implementing a consolidation strategy to reduce our long-term debt, improve operating efficiencies, further integrate our manufacturing capabilities and extend our product lines. We are also beginning to more fully leverage the product development and process engineering synergies across our different operations.''
