Exactly. In the age of unlimited choice for our capital, shareholders have no need to remain invested in something if they feel they're being kept in the dark.
One can always sell out and switch into something else.
What would happen if you were a manager and your employee gave you a weekly progress report like the one we got this morning? That is, just the drill status update, with no mention of flow rates, frac plans or a confirmation that negotiations are continuing on the asset sale.
You'd tell them it wasn't good enough. That is what the shareholders are telling AZZ's executive, via the share price.
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