GREY:LSTMF - Post by User
Post by
heraclituson Apr 24, 2014 5:26pm
387 Views
Post# 22488471
taking lumps
taking lumpsWhy would anyone hold on to LTS when they have no confidence in management and almost no likelihood of replacing management. Vote today - sell your stock, accept that you made a bad investment and move on. There are lots of alternatives out there who have proven management.
Let us say there was a miracle and this little revolt actually did get management to resign. Then there would be the hunt for new managers. As I said before new managers would likely be cronies of this management team or clones and that would not happen for months at least. And then you have to wait a few quarters to see if the new management is any better than the old. During that period of time the stock would be trading at $5 so you could sell now and buy back then and make some dough. I can understand anger but I am having a tough time with stupidity.