deepinwonder
09-28-2005, 10:28 AM
This company's stock is diving AGAIN because the CEO is a greedy $OB and doesn't care about your money or anyone else's. He's the spoiled brat son of the founder and is now trying to do a hostile takeover of a winery in Canada, they do not want to sell, and STZ is offering more than they're worth. He keeps pulling stunts like this, causing the stock to dive, and dumping his own common shares so he won't lose money, while raking in big dividends on his preferred stock.
They also just approved a huge new common stock offering that hasn't come on the market, yet, and that will also cause it to go down. There isn't any info out on when they are going to do it, either, that I can find.
Cramer hasn't been doing homework on this stock, but he knows enough not to buy into this level. I wouldn't touch it again with a ten foot pole. They have pulled one shenanigan after another this year and I've lost money every time I bought back in on a dip. OVER IT!!!
They also just approved a huge new common stock offering that hasn't come on the market, yet, and that will also cause it to go down. There isn't any info out on when they are going to do it, either, that I can find.
Cramer hasn't been doing homework on this stock, but he knows enough not to buy into this level. I wouldn't touch it again with a ten foot pole. They have pulled one shenanigan after another this year and I've lost money every time I bought back in on a dip. OVER IT!!!