Were now into the 6th quarter since the PlyGem/NCI merger occurred and Cornerstone Buildings Brands $8 stock post merger is still way below NCI Buildings $15 stock average pre merger. They are desperate at this point at paying off their merger debt and recouping the massive stock drop. If you are looking at one of their top competitors Nucor, they are doing far better than Cornerstone by actually having their sh– together and are innovative not just monopolize the market like Cornerstone is relying on through their equity firm. Be wary of working at Cornerstone, layoffs, toxic firings and forced retirements are still ongoing. Cornerstone will reach a point where any further cuts will start effecting revenue which in some areas already has and a Nucor buyout will make total sense since Nucor makes the steel Cornerstone needs in a lot of their products. Nucor is also headquartered in the same state Cornerstone now is, in North Carolina. Once Cornerstone runs out of layoff opportunities from the merger watch for this move next.
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Can’t agree more! Proceed with caution with this employer.