RE:RE:RE:Where is management accountability?To clarify - August is a month characterized by low volume and therefore when there is a sell-off in response to bad news in August, in order for the sellers to find bids, the price must get pushed down further than under conditions characterized by higher volumes in general. The sell off will in any case result in volume. I didn't mean to suggest otherwise. As far as cutting management slack, they are responsible for poor financial performance, but should not be judged excessively for the share price movement to the extent it is caused by market over reaction.
I question whether Papagayo may be over confident in his conclusion that Ric Peterson has committed an offense by selling. I'll look into this including reaching out to IR to get a better understanding of the circumstances before drawing bold conclusions. However, I note that there is only one insider seller and a lot more inside buyers to lead one to conclude that the management is bullish. Papagayo - This company has grown and created value at an impressive rate in recent years. How quickly do you fire them when there is softness. Should we give them a few quarters to react to a tighter market before heads roll? Further, if a liquidation by one insider whose roll in the company has dominished in recent years is such an outrage, why didn't you dump your position as soon as it was reported?
ServiceCos like this have inherently volatile earnings. In order to profit, one must have the stomach to buy on the consequent dips and resist buying when the market is optimistic and forgets that there are bound to be bad quarters from time to time.
Be happy to buy at a reasonable price now as several insiders are doing. Or if you can't stomach volatility I would say you can get a similar yield from a utility or REIT ETF and avoid the stress.