The Rock is now paying the price for its past incompetent management and sycophantic Board. Leaving aside the governance issues this raises, it does now seem to be in the hands of much stronger management and the share price looks extremely low given the recent profit guidance and 2012 outlook. At the moment The Rock is an attractive yield stock and given the current low P/E and increasing liklehood of a takeover at the current share price, it looks like an excellent buy.
ROK Price at posting:
$2.05 Sentiment: Buy Disclosure: Held
