Loser? It is one of a handful of companies I own that has a substantial gain on it. It is not even worth selling to pay the taxes on. It's jst another holding I will pass on to the kids and enjoy the divi in the meantime. Many regionals went bk or did poorly in the financial mess. Look at even the large cap banks. B of a. Shitigroup? Ya. I will stick with bbt for a financial holding
Just reading this post. He is actually correct when it comes to the return hurdles for liquid investments. I think you just don't like the fact you have owned a loser for 20 years.
You are correct. Mom and Pop do not own enough shares to really make a difference., With what looks like collusion between the B of D's and upper mgt most of the earnings will go to pay them rather than increases in stock dividend. Think about it. The clouds are very thick so you ca n not see what goes on between them. AJMHOOC........
If shareholders expect Mgt to improve then shareholders must vote against current BOD in spring when board elections are held. Current iBOD is rubber stamp for Mgt. They are supposed to look after shareholders but appears they are more indebited to current Mgt!
Don't blame the executives, blame you the stock holders. We are responsible for this injustice. What is happening is something called "collusion". Who approves these bonuses? The B or D's. Who has the greatest influence of appointing/electing the members to the Board? Upper echelon executives. Who has the greatest influence of appointing/electing upper echelon executives? The B of D's. This is a perfect situation for gross collusion. We the stock holders must take action to stop this. This money belongs to the stock holders and should be paid out as dividends, not their bonuses on top of humongous salary and benefits..
If you still feel you are getting ripped off by mgt then withhold your votes in March or April, 2016 for the BOD. hOPE SOME OTHER GROUP OR FUND WILL OFFER AN ALTERNATIVE SLATE. IF NOT JUST do not vote VOTE FOR PRESENT BOD