RE:RE:RE:Failure to stay focusedlashing wrote: GregC24 wrote: prested wrote: I think a lot of investors here are, like myself, seriously underwater. We took hope from what seemed like a concentrated attempt at debt reduction and were content to pass on dividend to this end. Then they made an acquisition and it was like "here we go again", and led to a sell off.
Management seems unable to remain focused and while the acquisition may very well be accretive in the long run; and this may have been a great opportunity to buy, people just want to see stability and signs that the company has a disciplined plan. As investors we are not totally interested in doing stuff that will aid future stock holders. We want ours and we want it soon! Debt reduction over dividend, but dividend over acquisition.
Management has stated many, many times over the past 6-12 months that they would look to grow via acquisition. For anyone to be surprised that they made one or to think that they were not going to do any acquisitions at all is foolish. They have been saying they would do it and they did it.
the only fool here is you who defends today, the present. Talk about blind
I am merely pointing out that to anyone who was paying attention this is not a surprise. If it is, you should get out as you have not been paying attention. They told everyone that acquisitions were a part of their thinking. On multiple occasions.