In my previous post I mentioned the impact management can have and how taking a longer term view can be profitable. In Quickstep (ASX: QHL) there is a situation where a change of management might have provided a positive catalyst for a change in the long term value of the business.
Quickstep started in 2001 as an R&D company out of WA to commercialise their patented Qure process for composites manufacturing. The technology is valuable as it provides a way for fast curing of composites compared to the more traditional autoclave based manufacturing. Additionally, it has other advantages such as greater design flexibility, reduced capital investment and other cost savings. Continue reading