Two fun reads posted today on Seeking Alpha.
As always, the comment section is where the magic happens. I particularly liked (and agree with) the comment highlighted below. I echo the sentiment of playing the long game with the assets while being fastidious about balance sheet and expense management.
To the board: Don’t change into every other company. Don’t become an agency problem disguised as a functioning company. Don’t get hijacked by quarterly EPS and managment options awards/vesting culture. Management should be rewarded for serving the holders of equity, not for serving themselves. It’s a slippery slope. Be brave and work hard.