stressed seller, page-17

I'm expecting more carnage short term as the "decks are cleared" by the incoming CEO John Douglas. The more shite he throws at the departing Roger Olds the better he will look on a relative basis. The ego quotient involved with CEO's never ceases to amaze me. Plenty of time to come back to this one as the recovery will not occur until margins are restored, beforehand we will see further capex and likely a placement, beware the short term.