After she defended insider's stock options and RSU's: Hi Pam,
It's just a signal to stockholders that insiders have little skin in the game. Are performance measures laid out In granting these shares? Can the stockholders see the performance guidelines? Or any of the performance goals tied to the share price? I know they should not solely be based on the performance of the stock but it certainly be a factor in the performance criteria. We both know RSU's Guarantees Profit to the recipient regardless of the stock performance. We want to see insider buys with their own money for a change. At this price if they believe in the company's future you would think they would be buying. It's frustrating seeing the PPS continue to flounder, questions with hedging calls and no partners going forward seem to not be considered. The BOD's need to remember who they actually work for!
As always I do want to thank you for your time in responding to me!
J. Todd Davis
To EXECUTIVE Compensation:
Author’s reply » I'm definitely not going to try and defend excessive executive compensation, however, I don't see anything alarmingly out of the normal in terms of their BOD option and restricted stock grants. Its a sad commentary on corporate America, but its hard to find any company these days whose executive comp doesn't at least raise an eyebrow or two.
As far as management is concerned, I like what Perron has been doing since taking over. First of all, under his leadership, TC has begun providing concrete guidance, accompanied by a sensitivity analysis, which, on a very small sample size, has so far been pretty accurate. Prior management would only give a rough estimate of expected production and a cost range. This allows people like me to get much better visibility as to where the company is headed, as well as to identify potential catalysts being ignored by the market from the sensitivity analysis. Secondly, I like his emphasis on rebuilding the balance sheet, not an easy task due to the capex excesses of previous management. He has focused on building cash and paying down debt, but, more importantly, he has shown a willingness to delay capex spending until the company is in a stronger financial position. This is evidenced by TC's decision to delay spending on a secondary crusher at Mt. Milligan. The previous management team would have just sold more of their gold stream to Royal Gold and moved ahead with the project.
As far as insider buying is concerned, while I would like to see the executives buy some stock, I am encouraged by TC's large shareholders adding to their positions. When it comes to investing, I'll take professional investors over management anytime.
I am an insurance agent and yet to find Otrexup on any formulary. I even checked the Medicare PDP's and all in SC list as not on formulary. So I hope this changes soon!
But on a more positive note. The reviews by patients I have been reading are excellent. Here is one example on Web MD "Has worked really well. I have seen a reduction with my inflammation, and have noticed my joint stiffness in my wrist hands has been reduced significantly since I started using Otrexup. I have been pleasantly surprised with how easy this product has been to use"
I have not seen one bad review yet by those using Otrexup!
Watching Fast Money today and the Goldman analyst (Currie) is now saying Copper is the next shoe to drop. That is behind the JPM analyst mentioned above. But idiot Ultra keeps yapping about supply shortage next year. I'm long TC but sold some. Don't listen to that idiot Ultra about his copper forecast. He is dead wrong! Just look at the tape. That's all you need to see where Copper is concerned!
Just a couple thoughts for you. Those were a lot of questions but first and foremost I will say a prayer for you and your wife tonight. Nothing anybody can do would be more worth than that. I think you (us) just have to remain patient with TC. As for your last question , the US dollar's parabolic rise is in the late stages. I agree with Art Cashin this morning when he said that. It will reverse and thus so will TC and the metals.
The Fed may raise a little but so what! They know they cannot raise them fast if they do at all. All these countries are placing their deflationary tools at our door! These are strange times indeed and no telling what is going to happen next week much less in 2016. But this I'm sure of, the US $$ will have turned long before that!
Best wishes to you and your family!
If this stock didn't have bad luck, it would have none at all! Now some of TC's #$%$ is self inflicted. Now Copper coming down. I wondered why it took so long WITH THE WEAK GLOBAL ECONOMY,Skippy and Ultra!
Lol, got Ultra spot on! I'm just disappointed light left me out. Must mean I'm one of the more "real" posters!
ATRS hardly goes up any at all on a biotech runup but will most likely fully participate in a biotech sell off. I mean when has any good news been released from IR. they do have an IR dept don't they?
You might as well jump in JNJ or PFE then! Biotech and safe is kind of an oxymoron. I think ATRS is very similar to VPHM with a deeper pipeline. They just need some sell side analyst to get on board.I don't think ATRS has ever looked better from a risk/reward play than they do today. Best of luck to you!
I thought you said it was going to power up after the production report. In fact someone stated it would only go down if a nuclear event happened or something like that. So much for upward move PREDICTIONS when it concerns TC!
The biggest private equity firm in the world thinks Europe will never grow. This Is coming from Blackstone CEO. This is their baked-in assumption. But whoa is him since you know he is wrong. Once again it shows you should grow a pair of ears!
Below is the link to our 2014 Notice of Annual Meeting and Proxy Statement, which provides information on our executive compensation program:
Pam, responded to me again today by giving me a link For 2014 annual Meeting and proxy Statement that provides executive compensation Program. I look forward to reviewing it. She also stated They plan on Filing the 2015 proxy statement Later in March.