I have had the misfortune of riding this roller-coaster for better than 15 years - pre Libby "offer". The previous management almost certainly caused irreparable damage to both Oneida and its reputation as an industry leader by both their inept financial decisions and the "deluding" of both the product lines (imported) and the manufacturing base.
I have no vested (personal) interest in Onei other than simply being a weary stockholder (65K shares) who has seen his "investment" in what was once a "gem" in the market dwindle as an Alzheimer patient over the last 7 years.
I hold no grand expectations as to this company rising from the ashes as a Phoenix. In truth I see little potential whatsoever of this firm emerging as anything other than possibly as a subsidiary of another company.
In my view ONEI stock is dead in the water and the company as a whole is simply marking time until such time as being acquired by another company or chosing to completely close its operations. JMHO.
Good luck in your investing. Have a great holiday season.
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