Maybe your comments on Yahoo might cause a run to the stock but I doubt mine every would!! :) !!!
I have been reading your comments for a while now. You have a good understanding of this company. In my opinion it is one of the most undervalued companies around with a ton of financial flexibility. I have recused myself from commenting because I don't want to bring attention to the stock. Honestly I want the stock price to stay low so the company can repurchase a boatload at low prices. Central needs to do only two things: continue to improve operations and repurchase shares aggressively. If they do these things well this stock is worth 20 to 25.
Quarter ending 6/30 should have been better than last year in spite of Renalli's conservative guidance last CC.
A year of proof the crazy stuff is over should give investors the confidence to run this stock to $13. I hope to see that by year end
BBLU just joined the RUSSELL...GET IN NOW!
Sentiment: Strong Buy
I have read the proxy and you are correct that Brown controls the votes. But what other choice is there for stock owners? Sell or dissent appears to be the 2 main choices. I will keep expressing my dissent with the poor management of this company. Maybe one day Mr. Brown will decide to sell and the company will bring more profit if it is in better condition. I probably am wasting my time, but maybe I'll help someone looking to invest in this stock to reconsider.
Your wasting your time re compelling Central to do anything. Brown contrls the company through Class B shares. You need to read the proxy.
Thanks to all of the shareholders who withheld votes on those up for election. William E. Brown had 11.9 million votes for and 3.8 million withheld or against, not counting the broker's non votes. That means of those 2 figures over 24% voted "no". John R. Ranelli had 13.3 million for and 2.3 million against, which is almost 15% saying "no". In my opinion, since the vast majority of share owners simply vote the way the board recommends, this is a good message to any large investor group or hedge fund activist that there is a large group of stock owners who are ready for a company shake up. Simply put, CENT has been stagnant for way to long. It needs to be overhauled or broken up.