What are your predictions of what will happen if they sell Rail, and chances are that they will? I don’t expect anything good. It is best to prioritize job hunting right now.
What frustrates me the most is the lack of communication and transparency. They know for sure that we are already guessing whether Rail will be sold or not, but we are always told everything at the last minute, probably because the employees are the least important to them.
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The company is worth more after the lay off and things written down, wall street looks at year over year YoY. When you lay people off the expense is now gone, also called a "special charge" in the books. This is excluded from the numbers to make things look better in said quarter. Yes very short term thinking that is why several private companies out perform public companies in these short term downturns.
Beside the sale of rail, I think the business is also down, just look at the number of machines leaving the building. If the sales are there, you would think the factory would be full of machines and we would be building them as fast as possible.
Is this happening because the Harsco Rail might be sold?
- or -
Is possible sale of Harsco Rail causing this to happen?
- or -
Is something else going on?
Backlog in rail is disappearing and very little in terms of new orders to replace the cancled ones.
If it was a stand alone business unit it would be a great time to short the stock.
Great talk about how the sales are out there, but no real orders, talk doesn't do it. Where is the NCNR order?
Next quartly report will show very positive because it will be "year over year" results, however sales will be way down compared to 2019.
Where are my parts? Why do we have so much rusted inventory that is wrong?
If you are in a technical job, now is the time to start looking aggressively, when the layoffs hit, it will take a long time to get a new job if you have not already started looking.
Sounds like the job market is getting better for engineering, I think it is only a short term improvement as they government is looking to shut things down again with all the "new" covid strains coming out.
The RLT only looks out for themselves with bags full of money to their bank accounts when they sell rail. Can you trust any of them?
Forget about what makes sense from a "cash" standpoint. The accountants can write certain things off so it looks better on the books.
Remember this is not a cash business like you run your home. Accrual accounting system works differently and cost write downs get depreciated to off set gains which is why you will see several rounds.
Yes, we are just numbers on their spreadsheets.
They also they want to maximize their stock options/profits,
so they wait to tell us at the last minute.
I just do not understand how a company that is hit by cost reductions and layoffs is worth more.