RE:Blue Chip Stock...Really?rusty777 wrote: Well, it's truly amazing how a "Blue Chip" stock can fall over 50% under the stewardship of the right senior leadership and BoD. They must be SO PROUD of what they have done for this company........but then again they still get to collect their multi-million dollar salaries without any accountability - great job if you can get it.....take a company that is valued at over 13 billion dollars are reduce it to less than 6 in 12 months...what a skill set!!!
Sadly the only way out of this mess is to rid ourselves of senior management a the BoD...which won't happen as the golden parachutes that are set up will even further diminish the coffers by the tens of millions if not hundreds of millions of shareholder value.
It would not surprise me to see a class action lawsuit coming - not that those ever really help the shareholders but it might make for some sleepless nights for these folks for what its worth.
GLTA
Rusty
It is a new class of stock; the Brown Schyte Stock.