ModusLink had revenue of $877 million in the fiscal year ended July 2011, with a loss of $49 million, or $1.13 a share. The last profitable year was fiscal 2008. From 2004 until now, the stock fell 70% during the tenure of CEO Joseph Lawler.
good question ;-) i have no answer, or should i say there could only be one answer ?? what had peerless said before annual meeting !! didn`t they say lawler has to go !! why no action now ? H&H did not by stocks since one month now..why ? stocks fall and fall..by accident ;-)