Originally Posted by
Rivet Joint
If any of you seriously think any company, let alone one owned by a pension fund(!), would invest millions of shareholders money without a sizable business case you are a moron. .
Oh I don't know... As an aviation professional I was staggered to watch how SH and COW destroyed FBE over its last 5 years with ridiculous plans that were never going to work. A public company (admittedly handicapped by JF's mad strategy) still choosing to write, and implement crazy business plans, with public and pension fund backing throughout. The chairman should have stopped it but he let it escalate. Picking a fight with LM on their home patch, where they could be relied on to fight to the death wasn't smart. COW rejecting a serious offer for FBE was the final curtain. The destruction of shareholder value was of its own making.