Kaman Corp (NYSE:KAMN)
CAPS Rating:
The Company conducts its business through two segments- Aerospace and Industrial Distribution.
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The Company conducts its business through two segments- Aerospace and Industrial Distribution.
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The southwest division will start losing money and recent extremely poor management decisions from the mid management of that division will keep it that way for some time. The likelyhood of some branches closing and others downsizing is inevitable and the chances of Kaman retaining third place status in the industrial distribution field is unlikely unless they are consumed by another company that 'weeds out' the rampant incompetence. Kaman is an excellent example of the 'Peter Principle' in action.