RE:RE:Anyone think that they will fire Tim Watson sometime soon?When I used the term "languishing", I meant that ALA was "failing to make progress or be successful". I understand that we need to give them some time to execute their new Big Plan, but for any holder of this stock that was in before August last year, I think there is a very strong argument that this company failed to make progress or be successful, and therefore is languishing. The proof is in the pudding: From +$28 down to to $13.50. I suppose if you treat the new CEO as some sort of reset of the clock that somehow wipes away horrible decisions and failure to properly execute in the past (although I personally don't, given that we are dealing with the same board and same CFO), then it is debatable whether it's too soon to use the "L" word.
B1gkatt wrote: I would not describe the stock as "languishing". Its currently priced to yield a tad under 7% which is very fair considering recent history, and considering that the Big Plan is just in early stages of execution. If we see a couple quarters of fairly priced asset sales and good revenues from ops (seasonally adjusted of course) and still the SP hangs around 15, then I would say the L word could be trotted out then. But I really don't think that will happen. There is no logical reason they can't do the things they said they would do, jack up the dividend to 1.10 on the one year anniversary of the Big Cut. And then the SP should be rising to close to 20, with futher gains to come.