Spectrum Brands Holdings Inc (SPB)

[bman007]

When did CEO HUSSEY know? It had to take more than 60 days to put together a BK plan and have a prenegotiated deal. In other words, CEO HUSSEY was working a BK deal to eliminate commons almost immediately after he told commons there was enough cash flow to survive and that he had no idea why price was down. He then let the price go to pennies. I'm guessing he probably thought that would make the BK look better? Can we trust ANYBODY in corporate America or on Wall Street. A-holes like HUSSEY are going to drive the average guy out of the stock market which means stock prices in general will be flat over the next few years IMO. Once we get the recession bounce over, I'm guess most go to savings accounsts and cash under the mattress!!! LOL

Wouldn't it be nice if failures like HUSSEY were tarred and feathered and run out of town as opposed to being given new money!!??