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