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Darling Ingredients Inc. Message Board

  • jwsull jwsull Dec 13, 2013 3:18 PM Flag

    Bulding a war chest for hard times ahead

    the secondary offering today is excessive and troubling. The company is making more money selling stock than it ever will as a business.

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    • What are you talking about. They just diluted the #$%$ out of shareholders for $760M to help finance the 3 companies bought in the last 5 months for almost $3.0B. They also borrowed $500M at 8.5% to help finance this little expansion. A rate that makes junk bonds look cheap. Is their management up for this kind of expansion in such a short period of time?

      • 1 Reply to jwl4864
      • Well, Mr. Randall C. Stuewe salary is only $3.0+ MM a year and the best way to insure it is to sell stock. Why anyone would want to have this management is crazy. The Board must be well paid. I hope the Board votes Mr. Randall C. Stuewe a bonus. Why not? It is not their money. It is the shareholders money. I sold out when the stock reached $18.

        Sentiment: Strong Sell

 
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