Today UPS brought a white card from RTI's board of directors with a brochure urging reelection of the usuals. The brochure completely overlooked the evaluation by independent company Glass Lewis. In comparison the Krensavage group activists discussed both the independent company evaluations. In my book this gives more credibility to the Krensavage group. In accordance with Glass Lewis' advice I voted for (on the green card) Goldberg, Stolper, and Williams. I voted to withhold (on the white card) Hutchison, Gearen, and Paul Thomas. I am in this only as a long stockholder. I urge other longs to do likewise.
This year the stock of any company that disappoints is punished. Mind CTI's fourth quarter revenue and profits were lower than previous quarters. Despite good full year results, and despite similar previous quarterly variations, this fourth quarter result is why the stock price did not rise. Fear rules, not fair. Profit goes to long term holders, volatility and risk go to short term holders.