RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sonic 2 $140M worldwide box officeAlphaseeker1973 wrote: There are always a few people who continuously view a poor performing company / stock as an opportunity. I hope you are right that this turns up but the charts, results and market reaction to this company say otherwise. The most damning datapoint is the CEO (who makes millions) and other senior management won't but 1 share at this sickening level. Tells you everything you need to know about the future of the stock. 16K shares traded today and the stock falls more than 3%...what an effing joke of a company.
Look at the ownership structure. Fine is owning more than 43% of this company. Other big institutional investors are owning about 20%, i guess. That's 63%. some long-term individual investors are holding about 2%-5% of this company (i'm guessing). So the free float is only about 32%-35%, really low. That's why this stock right now is so volatile. Just a month away from Q3 earnings report and I'm happy with the business' performance so far.