Hayes Lemmerz International Inc. (fka HAYZQ)

[invest1980]

Superior Industries (SUP), a competitor of HAYZ, released thier 10K on 3/10:

Highlights of 10K for 2008:
1) Zero in Debt
2) 5.1/1 Current Ratio
3) SG&A at 3.4% of Sales!
4) $755M in Sales
5) Generated Cash in 2008.
6) 147M in Cash on Hand
7) 26M Shares outstanding and $10/share

Well Managed Company!!! Compare these numbers to that of HAYZ and you can understand why my opinion is that HAYZ is a poorly managed company.

I bought HAYZ because I see them as a prime takeover candidate. I think a fund, institution, or corparate raider with deep pockets will take control. But strategy needs to be to go after them on the equity side and the debt side so they have no outs.
Need to go into it planning on possibility of equity path failure.