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Sonic Corporation (SONC) Message Board

  • atthebell atthebell May 22, 1998 1:27 AM Flag

    foot-in-mouth desease....management inve

    with regard to recent lawsuit settlement, is it
    corporate policy to put your dirty foot forward?

    if
    management were more diligent in presenting information, we
    would not see the knee-jerk down price reaction we've
    seen the past few days....what I'm saying is there's
    more than one way to disclose information, usually
    with just a little additional
    explantion

    for
    example, in addition to the just the SEC language, for
    non-institutional investors, you might mitigate over-reaction
    by
    explaining that the after tax non-operational effect of the
    $ 2.8
    million settlement would be $ 1.7
    million....or $ .09 per post
    split share....so why bid the
    stock price down ten fold?

    if this were an
    isolated occurance, I would defer....but, in
    late
    March, 1997, a management press release of little
    significance resulted in a 40% price drop, $8 per
    share!

    if management would just become as competent in
    investor relations and psychology as they are in
    operations, we could avoid needless volitility

    so, if
    your not asleep, someday SONC will have an earnings
    release below street estimate....I just hope management
    can
    represent the stockholders well

 
SONC
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