I said goodbye t this stock monets ago and check in from time to time to see if there is anything of value in the message boards. But I keep seeing the same Pantry employees saying "$20 by Monday" and it continues to drop. I owned this stock at $47. I dumped everything just to stop the free fall. Now you read Pantry is totally held hostage by gas margins. When they made that move with the hedging a few years ago, I should have bailed then. The Pantry Hedging disaster is now text book example that many companies warn against. They will make reference to the Pantry disaster. The guy who made the decision, Keith Bell is still making big bucks with Pantry. Brad Williamson who runs the operations is a total disaster since he assumed control. I am convinced that many companies do not hire or promote qualified people, just people who are political hacks. They soon become the martini for lunch bunch. I am bitter for what I have lost with this stock, and will wait to see if there is a change in management befor I consider again.
Please elaborate on the "Hedging disaster". I am fairly new to this stock. (bought at 16, and bought some more at 12.50), so I don't know the history of why the stock has dropped so low.