Over the course of the last 52-weeks, BLG has hit a 52-week high of $15.09 and now trades at $1.65. It is likely to drop at the open, due to a poor Q2. That will bring the company’s market cap down to about $45 million.

The maker of building products said it lost $31.9 million, or $1.10 per share, during the three months ending June 30. That compares with a year-ago profit of $19.4 million, or 66 cents per share. BLG also has over $379 million in long-term debt.

Perhaps next year, Mr. Mellor will work for $1.

Douglas A. McIntyre