Tell them we're working really strenuously on their behalf. Tell them you still have most of your free company stocks. Tell them to trust you, your just like Buffett except totally different.
And just how much of your estimated value do you estimate will be redirected to enrich the greedy employees? You will have to pick a number greater than 30% to be credible. Now subtract that EGF (Employee Greed Factor) from your estimate.
I don't know where they are, but the CEO needs to go before he does anymore damage to the investors and his replacement needs to be from outside the company, someone nit tainted by this organization.
The CEO needs to go. This is his show that we are suffering. We need an intelligent but honest replacement that respects and works for the investor.
Oh contraire, mon ami. As employees they get paid salaries in the millions to figure out how to relocate the company assets to their back pockets. Since the assets are a direct result of money placed into their hands to manage for the benefit of the shareholders, I'd say they care immensely for the investor class. They surely care for what they can get from the investors for themselves. Without the investor there would be no pig trough. My only wish was that the stock never had recovered above five bucks until they had restarted the div, thereby preventing them the windfall that they are reaping from the exercise of their options. IMHO.
Frankly, with this management, I'm surprised the stock is over 10. Best time to sell was three years ago when it was over 16. Who knows whether it will ever get over 16 again. After all, they voted themselves cash bonuses now.
Agree, except I believe the sign has been out for 8 years and the stock hasn't budged for the last 3 whilst the management relocates the shareholder value to their back pockets.
I had to roll forward my long call Jan options to May at a cost of 18k today. This stock should be at least 16/share right now - SHEESH!
I think this bod approval is just more delay tactic, smokescreen malarky. I'll bet the bod approval for malon is a rubber stamp on his desk. Just start the damn dividend, already. Yea, its gonna be half the old div, well surprise half the company was lost.
My only regret is that I didn't sell when Malon bought. I knew that that was a cue, but I didn't listen to that inner voice. Buffett says something like it's the lack to act errors that are the big losses. :(
I sold yesterday for 24.18 but still quite pleased. I bought AGNC for about 16 bucks back in 2008 about 6 months after they were spun out of ACAS and have held, collecting dividends, all this time. I got scared when Malon bought a bunch of AGNC stock @ 32 earlier this year (I think if I was a bird and relied on his timing to migrate south for the winter I'd freeze to death on the power lines). What really drove me to sell was their decision to buy back stock instead of pay me my well deserved dividend. I'm afraid the apple hasn't fallen far from the tree; ACAS has been on a buy-stock-instead-of-pay-dividend-while-they-keep-saying-they-are-pro-shareholder strategy for a couple of years and all I see there is that they have granted the buyback stock to their managers. I decided not to stick around for a ditto type screwing here.