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Swift Energy Co. Message Board

  • bobacequ bobacequ Feb 21, 2013 2:39 PM Flag

    EXPLAINING STOCK DECLINE

    What the suffering shareholders do not understand is that management compensation is based on IBDTA not earnings per share. With ever more capital expenditures and constantly taking ob more debt the IBDTA will keep rising even as the company,s real equity shinks. The siphoning of millions by the management and a cooperating board of directors assures that managent wil win win win even if the company went bankpupt. Swift, the founder of the company would be appalled at the actions of his son.