06-20-2014, 12:24 PM
(06-20-2014, 10:46 AM)earthtodan Wrote: By the way, CEO Nick Schorsch is stepping down, according to this letter to shareholders. Must be why the stock is up today.
https://www.sec.gov/Archives/edgar/data/...ex99-1.htm
Hmmmm. Hard to argue with a day like today -- up 3 percent at the moment. Not sure how I'd react to NS leaving, though. A lot of investors were buying his personal magic when they invested in ARCP. Though the Red Lobster deal makes me wonder if it isn't time for less magic (hyper-fast growth) and more simple, transparent, execution.