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List of Sh*t Actors In the Public Markets


BG2008

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So he simultaneously believes:

 

a) deal is a bad one and management/board is taking advantage ("plundering") of outside shareholders

 

b) post-COVID, stock should trade at the same multiple it did before everyone learned that management only too happy to screw shareholders in a big way

 

I don't agree with that logic at all. I think that once a management team "opens the kimono" and reveals itself to be excessively self-interested, the stock should trade at a discount to where, all other things being equal, it would otherwise trade. I would actually say that this entire thread is based on this (eminently reasonable IMHO) premise.

 

More generally (and off topic, sorry), I bet the cruise line operators start squeezing these guys as hard as possible whenever contract renewals come up. 152 of 170 ships they serve are from four operators.

 

 

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