Mar. 27 at 1:25 PM
$CCOI
this company was trading in the 80’s about a year ago paying a dividend that the CEO said was safe
Then what happened?
The CEOs misplaced strategy started to become understood by WallStreet
The CEO dumped 90% of his shares
Dividend got CUT
The CEO started slowly releasing details that the analysts were already onto. Strange how only after the CEO sold millions in stock that the bad news started to filter out..
Here we sit today at 17 and change.. is it a buying opportunity, MAYBE!
OR will a CEO that sold most of his shares in the 50’s be paid huge amounts of money over the next few years while the PPS meanders around generational lows while the BOD finally decides that a change in Leadership is necessary to restore confidence??
Replace the CEO! His mesteps caused the current situation and to add insult to injury he was able to cash out
$100M while shareholders were left holding the bag.