Correct Holt, that has been his M.O. as the CEO of multiple companies where the stock price tanked under his poor leadership. We can now add NXPL and RXMD to the following list of failures.
Courtesy of Barrons.com
"Fernandez started the health-care company Continucare, with the backing of Miami entrepreneur Phil Frost and George Soros' brother Robert. Continucare spent $45 million acquiring South Florida medical practices, but as the roll-up failed to generate cash profits, its stock fell from 13 bucks to 19 cents. Fernandez stepped down as CEO in 1999."
"He soon was CEO of Big City Radio, a radio chain that he converted to a Spanish-language format. Over the next three years, it lost $90 million and its stock slid from five bucks to 10 cents."
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