Columbus McKinnon Corporation CMCO

$CMCO Forward Air attempted a similar strategy a couple years ago. Crashed the stock, never recovered. You dont quadruple leverage your company in a high interest rate high inflation rate environment. It’s just plain irresponsible. Especially without shareholder approval, when insiders own less than 2% of the company. Unless they walk away, this is probably dead money for years. Hopefully they can, but probably more likely the conversion price of the convertible will be renegotiated below the $37 strike, considering it would now be considered busted, or almost 50% out of the money.

$CMCO Forward Air 2.0, never recovered

$CMCO board got schooled. Walk away

$CMCO um, guessing we don’t like the deal?

$CMCO miss earnings by 5 million, take 400 million off the market cap. Lol

$CMCO crack that beats and going to ? tomorrow morning????