I have no clue why the price is rising. Probably the market is anticipating an interim divy. Maybe this will happen, and maybe not. I don't believe such a divy is in the companies best interest, but may be done in order to try to improve the woeful sp performance. Kind of a desperate move.
Look what has happened to the sp since the last CEO left. OMG.
It is my view that we need the sp to be "lower for longer" as this will increase the pressure to replace the leadership which is a necessary prerequisite to rebuild the companies image and inject determination to put new products in the market. In the long term, I believe this will be a better outcome for all. Just feel for anybody who has to sell in the mean time
ACR Price at posting:
69.3¢ Sentiment: None Disclosure: Held
