I thought that Lydall (LDL) offered a little upside back in September if management could make progress on margins, but that progress hasn't come and the shares have lost half of their value. Between a weaker near-term outlook for margins, weakness in autos, and emerging weakness in heavy machinery, not a lot is pointing favorably for the company over the near term, and management really needs to start delivering the long-expected margin improvements.
In September I said, "Betting on a company to get itself together and improve its operating performance always involves risk,