With the latest approvals does anyone see the “squeeze” over the last two years will loosen up? I figure if releasing new products doesn’t do it nothing will. GLTA
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IMHO MDT can not afford all these MFG plant that are not making enough money to support themselves, makes sense I guess to shut them down
No, it will not let up. Geoff has essentially said as much with the news of closing 5 MFG sites, consolidating distribution, and eliminating 100 suppliers.
Unfortunately, there is a lot of excess/redundancy within the company, and as long as this remains, chasing a few dollars here or there will not rectify the cash problem.