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Atkore's significant operational issues and declining revenue raise concerns for investors. The company's drop from $190 to $60 indicates serious market sentiment challenges.
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Irenic Capital Management takes a 2.5% position in Atkore. The company faces significant operational and capital challenges. Atkore's revenue has declined significantly post-pandemic. Strategic review underway but lacks a permanent CEO. Cost-cutting opportunities identified that could save over $100 million.
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