Spectrum Brands Holdings Inc (SPB)

[bman007]

Closed near HIGH OF DAY!!!! NICE!!!!!

Financials were better than expected ar at least better than last quarter so CEO HUSSEY has some explaining to do. If he thinks Spectrum gets a free pass, then he needs to go!!! No $2 million bonus for HUSSEY!!!

Time to email Cramer and CNBC with ANOTHER CEO that thinks of himself before shareholders. Well, I'm guessing a few of the institutional shareholders are gonna be giving him and the BK judge an earful!!! And why release restructure proposal and file it with the court before financials and before all 100% note holders are on board? Is HUSSEY trying to ram this through hoping nobidy is paying attention? Email Atlanta Journal business reporter and ask him to contact some of the institutional shareholders for their viewpoint.

I guess what I'm saying is that this is not a BK slam dunk. Hussey doesn't get to say I goofed, then wipe the slate clean, eliminate commons and then collect his big bonus. NO, he has to justify the BK, that it is the ONLY possibility and the last resort. Gee just a couple of months ago he was playin Gomer Pyle that he had no idea why the price was down and that he had plenty of cash flow. IF IT LOOKS LIKE A FISH AND SMELLS LIKE A FISH.....yep it's smelly!!!!