we are gonna get hammered today....again...
i take the following pledge..and would ask EACH of you to do the same.
1. i will vote against managements slate of directors and
2. i will vote against every stock option for management,
until the current management (or hopefully, more adept successor management) gets this company in order and quits with our every 90 day habit of announcing that yet again we cant get it right.
our ceo (and other senior management)continue to get rich on fat options while this stock goes nowhere but down.
i for one have had enough. dont tell me to sell. its my money and my company...i am entitled to decent management which we are not now receiving.
SLE went up some and now back to 52 wk low.
It is pressing $19.
There was a chance late in June that it may break out. But came July, it came down again.
Not sure if it'll really drop 3 dollars from here, but there is such a possibility.
Poor cash flow?I guess you dont eat Sara Lee products. Had vacation Bible school two weeks ago we used 50 boxes of Sara Lee products. Hz , Corn products all down right now. Sara Lee is dirt cheap now. Anyday wallstreet will jump on Sara Lee with a strong buy. Only trouble ahead is how to prune the company so that it can grow strong.I got two thousand more shares today!Go Sara Lee!
I would not count on it. News of splitting the company up and new shares to shareholders with spin offs and this stock will jump 10 dollars! Go Sara Lee! No body makes it like Sara Lee! Love Jimmy Dean sausage.
Spin off is not news. Had rumor for some time.
Other overhauls will be more drastic. Sara Lee Corp.'s (SLE.N: Quote, Profile, Research) in February announced plans to divest businesses totaling 40 percent of its revenue to focus on meat, baked goods and household products. Among brands up for sale are Chock Full O' Nuts and Hills Bros. coffees. It also plans to spin off Playtex bras, Hanes underwear and other clothing brands into a separate company.
Hard to say what may happen next. Just keep watching it.