Failure of epic proportionsThe absolute collapse of CPG's share price, especially over the past two years, and the inability of management to respond to it, shows that their interests are not aligned with the stock.
It is clear that management is not incentivized to increase production, not profits. The lack of long-vesting stock options at above market levels, as well as the complete absence of material insider buying, proves that share performance is not a metric that management cares about.
Having said that, I have decreased my position by 50% and have taken a $900,000 realized loss on my CPG holdings. It was extremely painful to do this, but I simply do not have faith that management has shareholder's interests at the front of their mind. This throwing-in-the-towel could well mark a bottom for the stock, but I cannot take this constant sea of losses when the price of the underlying commodity has recovered.
Goodbye and good luck to all others here except for Toro, who is a lying sack of s-h-i-t. I shall be back on March 1 when earnings are released. I'm quite certain more disappointment will be in store unfortunately.