The Company and its subsidiaries is a full service manufacturer of first operation blanks, engineered welded blanks, complex stampings and modular assemblies for the automotive, heavy truck and other industrial markets.
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Shiloh's fortunes are tied to the US automotive and heavy duty truck industries. Management waited way too long to cut costs despite obviously deteriorating sales. Stock will likely bottom under $10, but there is no reason to own it unless management cuts more costs, including interest expense, and finds new business opportunities.