Based on Hunterbrook Media’s reporting, Hunterbrook Capital is short Universal Stainless (NASDAQ: $USAP) at the time of publication. Positions may c

Universal Stainless, Set To Be Acquired, Behind Fatal Bell Boeing Osprey Crash

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2024-10-28 11:30:06

Based on Hunterbrook Media’s reporting, Hunterbrook Capital is short Universal Stainless (NASDAQ: $USAP) at the time of publication. Positions may change at any time. See HNTRBRK.com for full disclosures.

Ryan Smith hasn’t flown since leaving his job at Universal Stainless, the Pennsylvania-based speciality steelmaker whose product, as its former CEO once put it, is part of “every Boeing airplane.”

Over what Smith said were three stints at Universal Stainless starting around 2014 — in roles ranging from machine operator to maintenance supervisor — he encountered outdated equipment “from the ’50s,” a fire drill mentality when major customers visited, and quality control subject to “pressure from management.”

Now, Smith, who lives in western New York, said he would drive his kids to Disney World rather than fly. “The fact that their stuff was going on the plane” would “absolutely” be a concern, he said.