Pros
Methode has a diversified portfolio of companies and is truly a global company. With nearly one billion in revenue, they can’t be doing everything wrong, but we’ll let the stock performance speak to that.
Kontras
During the acquisition of our Canadian based company, Methode certainly provided an exciting outlook on the future of business together. Unfortunately, business together ultimately meant they were going to take our business and strip us down to practically nothing. Their catch phrases of “business as usual” and “the only guarantee is change” would have been more accurately described as “business as usual for the next few months” and “the only guarantee is that we’ll change where this product is being built.” Unfortunately their “world class” production facility in Mexico may look good on the surface with a lot of accolades, but in reality, it struggles to build the simplest of products. It appears the old saying of “you get what you pay for” holds true for the level of talent employed by their Mexican workforce.