Tuesday, December 03, 2024 6:08:49 PM
yep - a lot of people lined their pockets along the way, and rode off into the sunset. Michael Klump reportedly sold all of his shares at $8 (millions of shares). And apparently Welch (who knows the company well) sold all of his shares also. The traders have made a lot of money too, although not nearly as much as those smart enough to sell at the once in a decade blowout market highs like the pandemic period. We won't see anything like that again for another 10 years at least.
It really is only the long shareholders who have been royally screwed with a cumulative return of -92% over 10 years (-50% alone in the past year). It's really not easy to find another stock (that's still in business) that's done that poorly with the broader market at all time highs. We really found a gem....
It really is only the long shareholders who have been royally screwed with a cumulative return of -92% over 10 years (-50% alone in the past year). It's really not easy to find another stock (that's still in business) that's done that poorly with the broader market at all time highs. We really found a gem....
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