The other side to that is as share holders we have every right to complain when the management has ruined a good company. This dividend was cut because they were is such a hurry to expand they Way over paid to buy those branches. Yes you have the right to say what you want about management when they have cost you this much money. Your statement about being able to sell and move on is also correct. I just can't believe there isn't more outrage about what has been done here!
If you remember most banks had to decrease their dividend to increase bad debt reserves and improve capital. Who put these rules into effect, none other then the Federal Government. As for a stock overcoming management, I would say that there are 2 sides to the story here. One is management and two is the stockholders. My feeling is this, if a stockholder is not happy, then get out. Don't constantly complain about the way things are being done, if you really don't want to be part of it in the first place.
I didnt mean my post as a knock on the longs. It was more of a knock on myself ffor being so stupid to keep holding this POS after they cut the dividend and over paid for expansion. I was so friggen stupid I averaged down twice!! A company stock can not overcome bad management.