Blue Bird Corp (BLBD): Spitfire Capital Fires Letter To The Board, Still Opposes Takeover

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Future Growth &
Profit Drivers Industry Volume Upside School Bus Market Recovery Future
Growth & Market Share Growth Profitability Increasing Propane Penetration Continuous Product Enhancements Dealer Network Improvements
Higher Operating Margins Second Shift Drive Productivity Deliver Parts Growth Long-Term Financial Objective: EBITDA 10% of Sales
New Markets & Products International & Commercial Buses Roadmap to future EBITDA growth 16

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