his first test of his stamp on the company "re:the $740,000 bonus & 3.6m option issues to rowsthorn"
HE FAILED MISERABLY!
1.it sends the wrong message & rewards failure
2.it goes totally opposite to all best business practices.
i continually ask myself rhetorically
"how can ANY business that has lost over $400m give the person responsible for those losses first a bonus & then a reward of 3.6m options at $1.52?"
someone do a ev of AIO to actually see what its really worth on its ev price.id say around $1.30
i know its NTA is - $1.48 (morning star charts info)consider this,its ebitda of $650m is the same now as on the spin off in 07 when it was valued at 680m shares x $10.35,which gave it the $7b MC...BUT someone forgot to take away the debt of $5.3b plus the 4500m working capex loan.
AIO Price at posting:
$1.67 Sentiment: None Disclosure: Not Held
