Spectrum Brands Holdings Inc (SPB)

[bman007]

No Financials??? What is HUSSEY up to? You would think he would have needed to finish the financials to prove to note holders how much they need a BK restrucutre. Maybe they just talked with lenders? Maybe ex-CFO HUSSEY is moving numbers around to make situation look worse than it is? Maybe he's being questioned about why he told shareholders he had enough cash flow to get by and then says only BK is the option.

Whatever the real answers are, one thing is clear. HUSSEY helped get SPectrum into this mess and now he is protecting his butt and the LBO butts, at the expense of shareholders. Well over 50% of the shares are owned by institutional buyers. Wouldn't it be nice if one was the California pension group. They love to sue companies that screw them!!!

What is HUSSEY doing to books? If I had to guess he is making domestic look bad by moving revenue and/or expenses around. These corporate CEOs that forget about the shareholders need to be rounded up and sent off to CHina, where they know what to do with bums like HUSSEY!!!! Those CEOs and managers that were part of the milk production problems a few months ago in CHina have all disappeared. Hmmmmm....wouldn't some of that here get CEOs in line!!?? LOL : )