The Street does not like the board re-election?Or... what?New 52-week low!
I know this is old news, but since nobody replied to this, I thought I'd answer it, since I am close to someone who works there --- I don't personally own the stock, but she does.One of their biggest customers decided to reduce their orders -- Both because of a reduction in the quantity they use and a reduction in the stock they plan to keep on-hand for future use. This is expected to amount to approximately a 10% reduction in sales this year---- quite a shame after the good year they had last year. There are rumors of a possible layoff, but the company is trying to move employees to other areas to avoid it, and there is definitely going to be a two-week shutdown this summer.GB is still a great company and has some new batteries coming along, so this is only a minor setback. I think this is a great buying opportunity right now. It's been a long time since it's been so cheap, and it's still a great company. If I had the spare cash, I'd be snapping up a few shares myself.
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