I'm surprised CRY has not yet announced Bruce Anderson’s (BA) sales promotion to Senior Executive V.P of Inter-Glactic Sales. I bet his pay check already reflects the promotion. I’m guessing SA fired Gerald Seery (GS) so he could promote his son into GS’s position. IMO, nepotism is not a good thing for a public company, and BA is all about NEPOTISM. “Anderson DNA” controls everything at CRY, everything of…and by… and for… the benefit of ANDERSON”.
Don’t you see? “BA” is SA’s succession vehicle so SA can continue to control CRY after he superficially retires at age 80…with the stock price still at $6, or less. For the next management team, having BA around as a “DADDY SPY” would be an unmitigated disaster. DAL could effectively run CRY, but he does not have a prayer in Hades with THE MILLSTONE OF BA hanging around his neck. So it is time for BA to fly away from Daddy’s nest. It is time for him to go. It’s time for SA to retire as an officer AND to remove himself from the Board as well. SA is 74. He has already done his gig, and the stock price is still at $6.
Go to Google Finance, type in CRY, and look at the "maximum" chart going back to 1993 (view 19 years of CRY stock history). You’ll see that CRY’s stock price is about where it was during the 1995-96 period. What better way is there for evaluating the effectiveness of senior management (over time) than looking back and seeing how much they have benefited shareholders?
IMO, SA = GREED
IMO, SA = POWER
IMO, SA = POOR MANAGEMENT
IMO, SA = NEPOTISM
IMO, SA = LOW RETURN TO SHAREHOLDERS
IMO, SA = FDA "WARNING LETTER"
IMO, SA = HISTORY OF “DIRTY” LABS.
IMO, SA = CHANGE OF ACCOUNTANTS
In spite of 17 years of management under performance, I’m willing to bet there will be free stock option grants awarded before the end of February 2013, so stay tuned.
The above is just my opinion based upon my interpretation of public information.
You Amigo are responsible for your own due diligence.