If mgt is so bad...do you not think that the heavy concentration of top holders that aggregate to well >50% will move to force a change of behavior by management or a replacement of mgt?
Also, longs do not own this for the baby boom retirement play. This is more about a continuation of the migration from colder northern spots such as Buffalo or Cleveland or Omaha to warm, cheap living near the ocean. Geico's next call center should be near P City, not Buffalo, etc.
There is no reason a person should stay and freeze in Ohio when for next to nothing one can afford a nice home, a boat on the ocean, and warmer weather. This trend will not move the numbers this quarter or this year, but the trend of the southern state population increasing is unmistakable and continuous.