The Hammer

Capitally Challenged Stocks That Could Be Diluted or Extinguished

Excellent article. I have banged heads with various co mpanies over there reckless balance sheet management over the years.
You have these wall street sleeze pumping balance sheet leverage to maximize returns. This is BS. Companies that generate ample free cashflows should not be piling on debt to make stock buybacks. It is bad policy. These companies should live within that fcf.
As one poster mentioned above, the board of directors are absoutely pathetic and spineless. They have failed in every way to represent and protect shareholder value.
Another thing, how do these boards continue to hand out loads of stock options after management missteps?IMO stock options should be abolished and a discounted 10% stock savings plan should be in its place. The only way to feel the pain is when you have to put up your hard earned money.
Finally, pension liabilites will be a big deal going forward. Check it out when buying a stock.