How does Fisher do a number in shutting down PBR #2? So he has total control of the situation of the SJC property? He could have headed off the foreclosure by paying an even higher amount for the property, increasing operating costs and reducing profits in the long-term while also saddling the company with an asset that is not worth the value paid for it in this current commercial real estate environment. Not good headwork, and the long term effects would have hindered the companies growth.
So let me guess, damn the torpedoes and full steam ahead and just build a permanent PBR on the site and operate it for a whole three months just to tear it down again and move it? Push out one or two orders to make you the common shareholder happy and eat the costs of building, operating, tear down and rebuilding again and setting up for operations again? I find your logic irrational and lacking any support for faulting the CEO for a condition not in his control, I have been at the grips of leasing a property that was being foreclosed and trying to stop it, but not in such an economic environment. Not when banks are folding under and the commercial real estate market is teetering on the brink crashing. How flexible do you think Zion bank who is currently eating the costs of that property are at making a deal on such a good piece of commercial property?
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