Of all the companies I follow, this by far has the most unfriendly view, imo, toward shareholders.
Management has kept all of us on the outside looking in towards the IPO float. When earning warning was issued it would have been the perfect time to shed a light concerning Ingram or IPO. But a gain they failed, knowing that earnings shortfall would kill the stock.
We need to remember that this is OUR company. I have spoken to Andy in IR. He sounds like a broken record, " we cannot comment on IPO & waiting for FTC to give us a decision on Ingram." Lets voice our disapproval thru calls to 212-633-3300. We want some information TODAY.
I'm glad they're not out there commenting on Ingram and the IPO, which would probably be illegal -- and at least would be highly unprofessional.
But I do find their PR strategy laughable. Over the past two days, they've put out not one, but two, PRs on the sale of Monica's Story via bks.com. Contrast this with the fact that bks.com recently signed important deals with GNET and AHWY and didn't put out a PR to announce either deal. We learned about both deals by reading PRs that the partner companies published. (For quite some time, these announcements weren't even linked to the BKS ticker.)
I can't for the life of me figure out what they're thinking in these cases.