Stock price plummets 20% (day not over yet) after the Quarterly performance results poster. Looks like investors are seeing through the non-GAAP numbers. Maybe the offer was a good deal with hindsight always being 20/20.
Anyone else believe that the sale of Superior has been Majdi’s plan all along? No better way to become wealthy than cut US jobs, move everything to Mexico, then sell. Once completed, he will never look back. Shameful.
Superior Industries (NYSE:SUP) jumped 15% after M2 Capital Partners offered to buy the auto parts maker for $160 million, or $5.85/share. The offer represents a 36% premium to Superior's (SUP) closing price on Thursday, according to a statement. M2... — read more
Still lost money with a 31% increase in revenue with sales over $400 million. It’s bonus time! Shameful. Wheel supplier Superior Industries International Inc. reported an improved third quarter Thursday, with an increase in revenue but still a... — read more
Same management, same results. Not sure how low stock has to go before changes are made.
As of September 2022 Superior Industries International has a market cap of $88.95 Million. This makes Superior Industries International the world's 6272th most valuable company by market cap according to our data. The market capitalization, commonly... — read more
Should have sold my stock when he did. Retirement announcement next as he sold his options?
Management crows about .5% return on +$1.3B is sales? Continues to spotlight non-GAAP accounting to fluff performance. Stock has moved $0.70 in the last 52 weeks. C'mon man, time for a management change for stockholders.
Just before Quarterly Reporting, impressive. Looks like the Market Cap issue will be coming back. More bonuses for the management team!
Great slide on stock price since our quarterly results shared. Just like the Wizard of Oz, don’t look behind the non-GAAP curtain. Hope our new investors push for needed changes.
How long will management use non-GAAP accounting to hide their lackluster performance. When will our outside investors make the necessary management changes to put our company back on track. Instead of pointing your finger, time to look in the... — read more
Our clown Corp management team once again celebrates another loss this quarter relying on non-GAAP numbers for good news. Can’t make money on almost double revenue from last year. Rosetta outlook despite 70,000 trucks built and sitting on Ford lots... — read more
Amazes me that no one comments on our performance because of management over watch and fear of retribution. Sad in today’s environment.
Why is losing less money than predicted a positive for management and press? We are in a tailspin and have operated in the red for so long. Still paying bonuses to executive team. Makes no sense at all.
Looks like no commitment ever to return jobs to the US and all wheels will continue to be made in Mexico and Europe. Shameful management decision and Lou Borick is turning over in his grave for this "abandon" strategy. Only US jobs are in the ivory... — read more
Superior Industries will cut 250 jobs @ Fayetteville plant - more details in the media coverage below: https://talkbusiness.net/2019/09/superior-industries-to-cut-250-jobs-at-fayetteville-plant/