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Technology Stocks : METHA Methode Electronics
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To: dogman who wrote (81)1/3/2001 5:32:54 PM
From: opalapril   of 95
 
Don't know for sure. Rumors all over the place. E.g., that STLW lost a design competition, that the IRS won't approve the spin-off, that it would but METHA won't spin-off STLW, that METHA decided to sell its stake in STLW for cash, that STLW is going to pre-warning on earnings, etc. etc. My own hunch is it was simply an issue for many of lost opportunity -- why continue to hold METHA or STLW when you can make 10-20% in an afternoon with just about any other listed stock.

The fundamental trouble with METHA'S stock price, besides the ongoing arbitrage, is that the birds who run this company don't communicate with their shareholders much -- or with very much clarity. That's why all kinds of rumors can take root and grow legs.

Maybe we should have taken the hint from the unionizing effort. Management that doesn't communicate well with, or command the respect of, its work force is unlikely to do any better with its shareholders.
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