Here are a couple of my concerns. We have had record profits now for a couple of years. We all know that record profits can not continue forever. There will be a "nice" downturn eventually. When? I dont know. But we need to capitalize on these up-turns.

1) We should have returned to restoration or close to it, while we were starting this record profit trajectory around C2012. In other words, I think "next" time (18 mos) the company's profit steam will start fading and in reality there would be little or no money on the table for the gains we want. I have already been told by a rep to expect a sustainable pay raise next time (set up for non-restoration).
We all know that what goes up, must eventually come down. Think about it. I hope I am wrong but we should have aimed to get a lot more in 2012. When profitability slides, the company will come and ask for concessions that will be far more expensive than our measly 19.7% in 3 years (COMPOUNDED).

2) The JV 3 year compliance-window is bogus too. In 3 years many things can happen that will favor the company. We need to have a 3 month window to get the company back on track. 3 years is a holiday for the company. I can see RA exploit this 3 years with a nice glass of Louis and cigar. Who are we kidding. 3 years??? Dont get it.

TEN