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Southern Copper Corp. Message Board

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  • slegermark slegermark Jan 31, 2012 5:29 PM Flag

    SCCO Shot Itself In The Foot

    I'll have a shot of Foote, straight Kentucky bourbon.

    Seriously, is anybody in for a board of directors drive?

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    • <<<Seriously, is anybody in for a board of directors drive?>>>

      You gotta be kidding. Grupo owns over 80% of the stock. How do you suppose anybody gets on the bod without Grupo's vote?

      Grupo owns 100% of the bod.

      • 2 Replies to dar200
      • I'm new here and some of you confuse me. This stock was 24 in Sept. now it's 34.69 a 44% increase. Plus a .70 dividend along the way that in itself is 3% of the $24, more then many stocks pay. And now another dividend on 2/28. Shoot me in the foot more often, please.

      • I fear you are correct. after I wrote that , I had a look at the board of directors. Most are Groucho Marxicalli. So yes, I guess, I am kidding. It would send a message if we had a collective stockholders intiative even small at that, they could not ignore a dozen of us, or even several dozen if we kept the drive going until the annual meeting. Some small thing that makes sense for the company and easy to implement. But, as I understand human ego, even that which does make sense will be eschewed just because we cant have that rabble thinking they have a say.

26.26-0.08(-0.30%)Jul 22 4:02 PMEDT