24/7 Wall St.
08-15-2008, 09:00 AM
24/7 Wall St. Daily News
http://www.247wallst.com/images/2008/08/15/sad_clown.jpg</img> (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2008/08/15/sad_clown.jpg)Robert Mellor, CEO of Building Materials (BLG) made over $850,000 in base compensation last year, according to (http://www.sec.gov/Archives/edgar/data/1046356/000095013408006167/f38799def14a.htm) the company proxy. There is no reason to think he will not do as well in 2008.
Over the course of the last 52-weeks, BLG has hit a 52-week high of $15.09 and now trades at $1.65. It is likely to drop at the open, due to a poor Q2. That will bring the company's market cap down to about $45 million.
The maker of building products said it lost $31.9 million, or $1.10 per share, during the three months ending June 30. That compares with a year-ago profit of $19.4 million, or 66 cents per share. BLG also has over $379 million in long-term debt.
Perhaps next year, Mr. Mellor will work for $1.
Douglas A. McIntyre
http://feeds.feedburner.com/~f/typepad/RyNm?i=jVUH0K</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=jVUH0K) http://feeds.feedburner.com/~f/typepad/RyNm?i=DupPjK</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=DupPjK) http://feeds.feedburner.com/~f/typepad/RyNm?i=XCIvFk</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=XCIvFk)
complete story here... (http://www.247wallst.com/2008/08/247-wall-st-m-4.html)
http://www.247wallst.com/images/2008/08/15/sad_clown.jpg</img> (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2008/08/15/sad_clown.jpg)Robert Mellor, CEO of Building Materials (BLG) made over $850,000 in base compensation last year, according to (http://www.sec.gov/Archives/edgar/data/1046356/000095013408006167/f38799def14a.htm) the company proxy. There is no reason to think he will not do as well in 2008.
Over the course of the last 52-weeks, BLG has hit a 52-week high of $15.09 and now trades at $1.65. It is likely to drop at the open, due to a poor Q2. That will bring the company's market cap down to about $45 million.
The maker of building products said it lost $31.9 million, or $1.10 per share, during the three months ending June 30. That compares with a year-ago profit of $19.4 million, or 66 cents per share. BLG also has over $379 million in long-term debt.
Perhaps next year, Mr. Mellor will work for $1.
Douglas A. McIntyre
http://feeds.feedburner.com/~f/typepad/RyNm?i=jVUH0K</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=jVUH0K) http://feeds.feedburner.com/~f/typepad/RyNm?i=DupPjK</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=DupPjK) http://feeds.feedburner.com/~f/typepad/RyNm?i=XCIvFk</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=XCIvFk)
complete story here... (http://www.247wallst.com/2008/08/247-wall-st-m-4.html)