What improvements would you like in Yahoo! Finance Message Boards? Please send us feedback.
Message Boards Settings Nortech Systems, Inc. (NSYS) - Quote Info
Aerospace Systems Layoff     30-Jul-09 07:31 pm    
It is amazing that the news of a layoff of over 150 people at the Aerospace Systems and Augusta divisions has not hit this site. Aerospace is now down to about 115 employees and still floundering. Mr. Degen said "We're concerned about the levels at which we've had to cut our work force, ... If the question is if we're going to close, then no, we have no reason to believe that's going to be an issue. We have a very strong balance sheet." A strong balance sheet means little. Profits are what keep the doors open. Aerospace is currently not profitable ergo the corporation is not profitable. Aerospace will last less than one year unless there is a major management rollover. Short of that, this corporation is doomed to a slow death.


Sentiment : Sell
Rating :
 (No ratings)
Rate it:
awful/not related to \pooraveragegoodexcellent

verbumratio...


View Messages

Ignore User

Report Abuse

< Previous Message |   Next Message >
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Messages in Topic

Minimum rating: What's this?
  Subject Author Rating Time of Post (ET)  
 
Aerospace Systems Layoff
verbumratio... Not rated 30-Jul-09 07:31 pm  
View: Simple | Summary | Expanded
As: Threaded | Msg List
Page 1 of about 1   First | < Prev | Next > | Last

Nortech Systems Inc. (NSYS)

Chart for Nortech Systems Inc. (NSYS)
On Dec 4: 3.00 Up 0.05 (1.69%)
Symbol Lookup