The 25,000 share purchase took over 3 hours to fill completely. My guess s that the MM's had to find enough sellers for my buy.
The share prices of the two new companies are expected to be comparable. You would receive roughly 50 shares in each at the price the combined company will be trading..
Wrong! The split in the company will substantially reduce the workforce; and profits, in spite of declining revenues (initially) will increase substantially. As the dollar begins a small decline against foreign markets given QE in Europe and Asia, profits will likely increase even further. Don't look so much at the top line. Look at the bottom line. And with it's current PE, and the post split PE's, $50 a share is VERY possible.
Because the executives are greedy and want more money at the expense of shareholders!
Put the company up for sale at auction and hope to get a credible buyer. If you read the CEO's statement, it is full of nothing but "ifs." Time to look for a buyer; or expect a class action suit!
CEO is incompetent and has lied about everything! Management is totally inept! They have been misleading investors for two years. Time for class action suit alleging fraud and breach of fiduciary responsibility!
I don't agree. My sense is that he represented the perspective of many employees. I've noted a marked decline in customer service since Surewest was acquired by the Consolidated. Just look at the stock price. It's indicative of poor management.
I recently had a TV problem. The guy who came out to my house was terrific. I told him I was a shareholder and asked him what he thought about the company since it acquired SureWest. He said the company is terrible to work for; terribly mismanaged; and that the executives and managers in the company are completely incompetent. He said they might think they are smart; but that they didn't have a clue regarding running a fiber network! He also said the number of subscribers leaving and switching to a new provider was at a record high! This might explain the plummeting stock price.