Selling a share of SWN stock would have yielding enough cash to stop by the grocery store and pick up a couple NY strips and a modestly priced, yet decent bottle of cab. Today selling a share of SWN stock would yield enough cash for a bottle of Boone’s farm with a nickle left over for the gumball machine on the way out of the store.
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No doubt that SWN mgt threw SWN and employees under the bus with the CHK purchase. Why the board allowed a hefty risk reflects a lack of concern and was contrary to the way SWN conducted business under another previous CEO. Other companies benefited vicariously.
Howdy your CEO of the year here! Oh yeah and your Entrepreneur of the year too. Anywho, boo hoo cry me a river about the stock price I drove into the ground. On paper I lost “Way” more millions than you did but hey I and the Board made it up with all the millions of new shares and PUPS I get. Remember, it is 1 one for the peasants (that’s you) and 880,000 for me (that’s me King Way). Sorry that is the “Way” it works. Now get to work or layoffs will happen. Wait. Layoffs in July. Like the sound of that!!
So - has the illustrious Data Analytics group not found the promised unicorn?
What do you expect....? It’s a Boone’s Farm company. The bottle looks expensive (spring office) but everything the company does is garbage highlighted only by a few environmental photo ops and a ceo that calls his future laid off employees family. Basically you are a poorly run company that overpaid for Chesapeake throwaway land. But it’s a good training ground to move over to a good company.