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Ya think Sinclair will switcharoo because they're shorting their stock?

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trumad Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:38 AM
Original message
Ya think Sinclair will switcharoo because they're shorting their stock?
Just a thought... Their stock is going in the dumpster real quick. What would happen if they changed their mind and did not show Stolen Honor? Stock goes back up and the Exec's make a bundle.

MHOP
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Bluzmann57 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:42 AM
Response to Original message
1. Their stock may not go back up
I think they pissed off enough people that they may not be able to make a lot of money from now on. Gee, the thought of that really breaks my heart. HAHAHAHAHAHAHAHA!
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TexasBushwhacker Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 10:57 AM
Response to Original message
2. I wouldn't assume it would go up
The company is not in good financial shape. It has a ton of debt. It's shown a net loss for the last 3 years.
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durablend Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 11:22 AM
Response to Reply #2
4. Anyone else reading the Yahoo boards?
Looks like a few of them are ready to jump off the proverbial roof.

HEHE
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TexasBushwhacker Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 01:04 PM
Response to Reply #4
6. Down 15% since they announced they would show Stolen Honor
That's in JUST 10 DAYS! Fortunately, 66% of the stock is owned by family members - :bounce: :bounce: :bounce:
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strategery blunder Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 01:06 PM
Response to Reply #6
7. Down more than 5% just TODAY so far
http://finance.yahoo.com/q?s=SBGI&d=b

BURN BABY BURN! :bounce::bounce::bounce::bounce::bounce:
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Jeff in Cincinnati Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 11:08 AM
Response to Original message
3. You're an evil genius...
The CEO takes a wildly unpopular stand and causes his stock to tank, then reverse position and nets a tidy gain. It's like corporate version of "The Producers."

I don't think that's the case here. These guys just seem like garden variety assholes.
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Czolgosz Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-18-04 11:22 AM
Response to Original message
5. Executives making a selfish decision that is clearly contrary to
the interests of the stock holders? Boy, that sounds familiar. Has anyone mentioned this to Elliot Spitzer, New York State Attorney General? This sounds like a prosecution and a related stockholder suit in the making.
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