My knee-jerk reaction is that it could be an opportunity for value creation.The first question I guess would be to identify the why behind the trouble? Is it the geography? a boring product? the managers? Assuming a sound company otherwise,it seems like a change in management would give the opportunity to correct those issues.

This is actually a vital criteria I use when determining industries to invest in.I look at what I call "Operational Viscosity" or how easily/smoothly a business operates.The higher the friction inherent in a business the less desirable it is as an investment.The foundational element for an organization/industry's operational viscosity normally centers around the workforce required to provide the labor for the revenue producing product/service.When that workforce is transient, low pay workers, it typically makes for a lot of friction within the organization and causes it to be a nightmare to own / operate.Even if you have "managers", they will feel it that stress / friction and it will cause turnover / issues within the management structure.Labor is the foundation.Best to have a great labor foundation than a labor foundation build on sand.