I would agree that normally BOD would not be taking more money if company is not doing well. IMO here it is because company is not doing well and dividends stopped they're taking more money. A lot of talk is about new staff being hired but how much is just replacements from employee churn?
Someone just told me he had a no win no fee accident case with S&G here. After two years and many thousands of dollars of medical bills beyond Medicare his S&G lawyer left and a new lawyer took over. The new lawyer said S&G would not proceeding unless he agreed to pay other sides court costs if S&G lost. He wasn't sure about the new guy and decided against it. He's not a happy S&G client or think much about staff churn and their no win no fee advertising.
SGH Price at posting:
32.0¢ Sentiment: None Disclosure: Held
