Graham Corp. courting investors
Following a recent drop in the company's stock price, Graham Corp. executives set up a guided tour of the facilities Wednesday for six potential investors.
From that article:
(Chief Executive Officer Jim) Lines told the group, which was a mix of financial advisory executives and private investors, that the company didn't adequately prepare for the economic downturn, citing improper staffing as the reason for some of Graham's struggles. But the company is in the midst of overhauling its in-house processes in hopes of emerging from the recession stronger.
Dobbin picked up on a sense of optimism among the investors.
Investors seemed impressed with Graham's presentation, which included lunch and a question-answer session with the executives. Some saw Graham's stock as a potential bargain. "It was probably too high at $54, but then it got all the way down to $6.85, and now it sounds like it's too cheap," said Gary Lindsley, a private investor from Clyde, Ohio.
The article also includes a couple of good photographs.