I find it quite laughable that just 1 year ago execs were announcing tooth and nail they need to run the company to the benefit of shareholders, to maintain their divendend etc. Well quite frankly that has become a mute point as the sharemarket quite rightly has been hammered down to a realistic level. 12 year low lol! I notice the Super funds have gone quiet even of their long term levels of profit because they have been absolutly hammered also! The share price/share market is a paper economy, who cares about the price! Its all about the company. Qantas as well as heaps of others have been mauled, but I beg a different opinion who cares? Its all about whther the company survives or not not about a specualtors crappy sharemarket price. I would ask how low can any companys shares go? I would say theres no limit, there is a possibility it could go to zero and wipe it all out. I wouldnt be surprised...
