I swing by once in a while to see what's happening with this stock that I have dabbled in the past. The drop has settled a bit, but I see the same top brass are all in place. From what I can tell, not one person in the top 8-10 have gone........if other companies had their stock drop by 2/3rds, it would have been a blood bath.
They've convinced the board and major shareholders that all of the companies woes are strictly a result of the economy. Internally, poor choices in math models, poor execution, poor production selection, etc. The CEO even admitted to employees that he didn't realize how bad things were until last summers earning's and they had to layoff 150 employees. How management so out of touch with the problems in the company they are managing can retain their jobs is a mystery especially since Bally doesn't seem to have any problems growing revenue.