Tony Boyd's Chanticleer column in the AFR on the weekend highlights the issues that need addressing at Ardent (AAD) and is a must read for those following the Ardent story. Boyd says that the push by the FixArdent team for new directors is a textbook example of shareholder activism at its best and that it is a classic example of a troubled company not realising the seriousness of what it is facing. One of Boyd's key points is that Gary Weiss and Kevin Seymour started with the simple and irrefutable proposition that over the past two years Ardent Leisure has suffered from inferior corporate governance.
AAD Price at posting:
$2.06 Sentiment: None Disclosure: Not Held
