Under the reign of Prince Philips, this company and its stock have done nothing but disappoint. It is time to overthrow this clown prince and get a real CEO.
All of HL's problems can be traced directly to Baker's incompetence. If Lucky Friday had been maintained properly, it never would have been shut down. There is no substitute for periodic maintenance, but Baker chose instead to shave a few pennies off the cost of mining at the mine. That decision cost dearly, both in terms of stock value and human value.
The Greens Creek financing debacle was another example of Baker's bad decision making. He decided to finance that purchase through credit-card-type borrowing. That decision almost cost the company everything, nearly forcing it into bankruptcy. The BOD is either blind or does not really care because it keeps rewarding Baker for the lousy job he is doing.
I hate to admit it because I do not have much greater regard for his judgement, but I should have listened to Cramer and stayed away from this junker.