The price of a stock is not indicative of the success of its operations. PERIOD!
Where I am wrong is in buying stock in a company run by a felon that pleaded guilty to armed robbery.
Personally, I've never seen a person plead guilty to armed robbery and only get a few days in jail. So I have to seriously question that comment and why it would even be made. Unless, of course, there is an ounce of credible verification or proof that says the above statement is true.