Look at this paragraph from the Wall Street Journal blog:
The easy fix, Mr. Smith wrote, would be to sell the company’s two large corporate jets, which it estimates would boost the company’s profits by $92 million, or $3.65 per share, and generate proceeds in excess of $35 million. ”We struggle to understand what business purpose is served by owning these aircraft,” Mr. Smith wrote, saying that the company’s sales offices are all in major metropolitan areas easily accessible by commercial flights.
Source via Yahoo news feed:
I stated in June that this company should fix itself or let it be bought out. As usual, the management sat on their hands and did nothing new to respond to Stadium Capital's earlier message in April, 2014. Now another activist has taken up the challenge. From Yahoo news:
"Starboard Value LP, together with its affiliates ("Starboard"), currently owns approximately 13.2% of the outstanding shares of Insperity, Inc. ("Insperity" or the "Company"), making us the Company's largest shareholder." They are going to press the company to do better for the common shareholders.
We should support both Stadium and Starboard. I will and will vote my shares in favor of any proposal that will maximize value for stock holders. I am a long term stock owner and have many shares.
Just got my annual meeting notice for the 2015 Annual Meeting of Shareholders,Tuesday, February 10, 2015. I urge all share owners to "Withhold All Nominees" or vote against all board members to send a message to the company that we are upset with the continuing poor results of CENT. I realize it won't do much, but maybe some board members will get the message.