This company is in trouble. They have laid off so many people and yet they could not make their numbers.
With forecast locomotives and freight cars to be at record lows the rest of this year and all of next year, they are destined for more cuts and missed numbers. The CEO does not know how to handle the downturn. He did great when everything was on the upswing, but is lost now. I wish Kassling was still running the show. He would have just rode it out and waited until the orders started rolling back in. He wouldn't have been bullying the VPs to make cuts that the divisions can no longer function properly. The employees are miserable and cannot function and manufacturing is now incompetent they are not able to assemble products correctly. Customers are unhappy and quality is at all time lows. I don’t know if Al is setting up the company to sell it, but it is certainly not worth it. Sell now before it goes lower next year and then pick it back up in 1012 when they think orders will start picking up again.