I am a moron. I put all of my money into ARO stock at about $21; am down about 40%… very poor performance… and I’m embarrassed.
But that isn’t what worries me most… because in this game, being down comes with the territory.
After repeated calls to upper management to discuss the possibility of initiating a dividend , I have yet to receive a call back.
I specifically called: Tom Johnson, Michael Cunningham, and Marc Miller, 3 of ARO’s top level executives; and left voice mails to each, detailing that I had most of my assets in their stock. That was several months ago.
I have also left repeated messages, and several e-mails, for their investor relations director, Ken Ohashi. I have yet to hear back from him.
Today I called two of ARO’s top level design executives to discuss the ARO logo and design prospects: Todd Blumenthal and and Beverly House. We will see if I hear back form either. I am very doubtful.
In the past, I have a had large stock positions in Coach, Inc. Large being relative… cause I’m small potatoes.
Even so, the Coach management got right back to me… whenever I called. They were very friendly and obviously care about their shareholders.
The Aeropostale management seems to be the opposite. Very opaque… almost as if hey are hiding something.
This makes me very uncomfortable. After all, most of my money is in their stock. And if they are hiding something big, I am in a bad way.
I have a real problem here because I want to hold my position, but management is making it hard. Simply by being non transparent.
I realize that I’m not Carl Icahn. Even so, I feel that management has a responsibility to be receptive to shareholder queries. We are, after all, paying these people huge money.
A large part of my problem is of my own doing… for not being diversified.
Even so, I am not happy with their management team… it’s my bed, and I’ll have to sleep in it.
Trustworthy, transparent management teams carry an intrinsic value that is very hard to calculate.
But in my world, trust is everything.
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