the stock has made a new 52-week low this morning, the rumor about maybe not making the quarter, the quiet period issue is nonsense, in my uninformed opinion. If things get desperate, these guys will have to open up their bunker doors and speak. Matthews/Lutz are taking this quiet period thing to an extreme, if they are in fact using the quiet period to shield the company. In any event, those guys are paid to react, not to sit on their behind while shareholders are watching the stock price get hit. Again, just my opinion as an uninformed shareholder.
I agree in wanting the company to make a statement. However, if Fidelity continues to bail to the end of their quarter, any positive effect would disappear into quicksand. Right now the only assurance that would appease the street would be to guarantee earnings and I don't think that's legal before the quarter ends.
I do believe they can announce the date of earnings which in itself would indicate they're not going to pre-announce. Would they do this before the selling ends? I doubt it.
Heck, maybe the selling will be over before Friday. I only know Fidelity's timing couldn't have come at a worse time. Sort of like a fire drill at a convalescent home during a snow storm.
As for second-guessing management's decisions, unless you've been in a similar position I doubt you can understand what's involved.
Since you've been fairly vocal on this thread, I'd like to know what you do. What management experience have you had? How many acquisitions have you managed? How many multi-billion dollar companies have you led? How many employees answer to you? How many analysts, shareholders, bankers, and journalists do you respond to each day?
I'm not questioning your right to post as having both sides of the issues is helpful to everyone. However, since you've been rather relentless in questioning management's decisions, I'd like to know on what basis your judgement might be superior.
Thanks in advance.
Pat |
