SFY is down to not having enough cash to pay for anything except Terry and the BOD's bonuses for such outstanding leadership and management. The regular employees are now having to bring their own toilet paper, or so the rumor has it.
So no. With natural gas cratering, there is no money to do anything with buying bonds.
You mean I wasn't born with a silver spoon in my mouth and daddy to pave my way so I could play CEO, despite being a grossly incompetent moron?
Is that you can have people who are so utterly incompetent making millions from investors who have no effective voice. Look no further than SFY. The people running this company couldn't wipe their own behinds with toilet paper they actually did productive work to pay for.
Why can't I get a job where I can get paid millions for being an incompetent idiot?
Why don't you check the price of oil AND natural gas? This CEO and BOD have proven nothing except that they are absolute idiots when it comes to running a business. Fortunately for them, it's not their money!
Yes but we must ask ourselves how management that was so stupid that they didn't hedge and got the company is such a predicament .... how is this same management now become so astute they can lead this company through a crisis? This company will be bought for assets, because that is where this company will be run down to. Management is as ineffectual as a drunk old boxer who can't punch his way out of a wet paper bag.
I know of one good way to save money. Let's pay the BOD and Terry what they are actually worth as managers. That slices a few million in worthless fat off the budget.
Terry is way ahead of he game. He's made millions upon millions off this company while destroying it. If he loses some investment here, that's what he gets for investing in a company run by an incompetent idiot.
yes, it's about getting what we can. the idea that they are going to get even 1/2 book value is just not realistic. Terry and the BOD have driven the ship upon the reefs. It's ok, because they have their lifeboats.
If management was doing what was good for the company, we wouldn't be in the situation now. Hope for them to grow a brain is a long shot at best.
Maybe soon we can break $2. Wow. This means a huge raise for you. What a great CEO! What a wise BOD! Let's steer it down to $1. If canyone can do it, it's you guys!
sure. they're going to buy a $3,28 stock for $20. spam some more nonsense.
This was totally avoidable. That's what you get when you have idiots at the helm of investor's fortunes.
I can't fathom why the guy thinks he deserves to be the CEO of anything. If i were him, i'd have removed all the mirrors in his house so that even I didn't have to look at myself. Rather than ruining people's investments and retirements, Terry would be a lot better off doing charitable work. He's been an absolute failure in this business. Life is a long road. He should open another chapter.
david, the $24 book value is a joke. we will be lucky to see $7 from this stock. i'm not happy about that, but it's time to be very realistic.
When SFY gets down below $3, we'll see a buyout. Someone will accumulate huge shares and buy the rest at $5-7. The gross incompetence of the board and Terry Not-So-Swift has destroyed this company. Moral of the story: Don't run debt to the sky and not hedge. I wish I could make millions for being a moron. Life ain't fair. And yes, this company is in huge trouble.
The problem I have with that is that Terry and the BOI aren't worth $1 all together, let alone a dollar for each of them.
But your nonsense company line spamming makes you look brilliant? This entire management team deserves to be fired, period. They've run the company straight into the ground. If I'm "fool", then the stock price will prove i'm wrong by going up. Instead, it's in the toilet. Face it.. Terry and the BOD have the company in a terrible position through gross incompetence.
And I'm allowed to think that they aren't worth the water it would take to flush a toilet. It's my true opinion. The fact that they've sucked millions from shareholders in exchange for such gross stupidity is an outrage. As the price goes lower, someone will buy this and they will all be tossed in the dumpster, where they belong.
Yes, if you're a mouthpiece for management. Perfect would be well hedged and not head over heels in debt. Wow, do you ever set the bar low for "perfection".!