I had a sell order in and it got within .10 cents and I was not around when the floor dropped out but you can call it greed. When a stock price doesn't provide shareholders with any value who is to blame - the shareholders or management. Should management be rewarding themselves for poor performance? Do they turn down raises or do they give themselves more options? Do you think that management is performing well? I'll let the stock price speak for itself. I've got around 10 stocks that I've owned for years and most are performing well 2 are under performing this one and one coal stock. I expect this one to start doing better but I still can't say management is earning their salaries.
I went back and checked my records seeing there are 2 dislikes to my post. I bought 1K shares 1/4/11 at $80.23 the stock price today is $71+ so a loss of 10+% and management is rewarding themselves with bonuses, raises and options for creating stock owners value. These are facts whats to dislike the truth. I still remember Angel on Fast Money saying how good they were doing and then at earning the stock tanked big time. Worst management rewarding themselves and not share holders.
I bought this stock years ago at 81 and you can see where it is at right now. I believe management is milking it for all it is worth. They should issue a dividend instead of buyback shares but they won't and management keeps getting options for lousy performance. I think one of these quarters they will give good guidance but I don't know when. I do believe it is priced fairly so you shouldn't get hurt to bad. GLTL