RE: Time for a new CEO
Igsman wrote
"Should be a salary reduction for this mgmt, and NO bonuses --- for sure.
What a disgrace"
gwplant wrote
"Thanks for the link...one person asked about the div for 2011 as it is sitting at 93% payout ratio presently for the low end number on the guidance for next year, another downward revision like that has been done the last 2 quarters then we go over 100% payout for 2011 to go along with 2010...they talk about sustainability but which such a small
margin for error already going into 2011 I don't understand why they are so married to the div payout at this point...the market is clearly punishing them for taking this stance."
Now something to think about....When we talk about cutting the Dividend
Go check how much company stock the Officer's and Director's own.
You think they are concerned about the stock price for a few months??? and Igsman Grant Billings might laugh at your
Salary cut :)
Remember this Management made this move back in 2008
"In October 2008, Superior Plus Income Fund paid Ballard $46-million to
buy the $800-million in tax losses the fuel-cell company built up."
FYI