Quote:
Originally Posted by dumbod
I'm not going to defend Bradway Capital. A lot of us who do this sort of thing for a living were skeptical about Bradway from the beginning. But keep in mind that the only reason Bradway was ever involved was because the company was, to use your word, struggling and the primary reason that the company was struggling was because of mismanagement. Ultimately, the responsibility for mismanagement is with the CEO and the primary shareholders.
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I disagree a bit with this. There may well have been mistakes made with regard to management, strategy or positioning, but that doesn't mean it was mismanaged. And that might depend on our respective definitions of 'mismanage'. The industry changed around them, it bifurcated and they were left trying to make a bespoke product with the overhead of a line manufacturer.
Looked at another way, a struggling company is not a symptom of mismanagement anymore than a successful company is a sign of good management. Sometimes luck, good or bad, or market dynamics outside of your control play a part in the success of a business...