SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Think4Yourself who wrote (41780)4/7/1999 4:00:00 PM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
Perhaps. The price has gotten so whacked that the 300,000 share trade that crossed could have been an individual. Probably not, though.

It's mostly the tone and brevity of the release which has me bothered. It's rarely good when a sitting Chairman takes over for the CEO. In my experience, it usually means that the CEO got the boot. I suspect this has been in the works for awhile, possibly just waiting for the bond issue. And, if the departure was over whether to sell the company (which I strongly doubt), any sane businessman would have announced at the same time that the company would be exploring "strategic alternatives." If the release had said that, the stock would be trading at 10 now, not 6 and change.



To: Think4Yourself who wrote (41780)4/7/1999 4:05:00 PM
From: VLAD  Respond to of 95453
 
<<most funds dumped FLC long ago>>

So why is it that over 53% of FLC is owned by institutions?

IMO the drop now in FLC is a traders knee jerk reaction even though IMO the announcement is a non event. Loyd is the Chairman of the Board and Webster will still remain as a board member so what has really changed that is "significant"????