Very one sided - I think you should read the basis of the judgement and the fact that the company's performance has outperformed the accumulation index over a very long time etc etc. I do agree that NHC hasn't covered themselves in glory but I also think coal is a swear word these days. Their new acquisition seems to be top drawer for quality and bought at basement pricing. The Hunter hall foray seems to have added value as has URB. They cannot be held responsible for TPG as they seem fairly passive there and I think long term it will pay off.
Personally everyone else seems happy with management or have voted with their feet. Only PPT seemed to think it was a huge problem and are now paying both sides costs - the Investment manager who started this stouch has left ppt as well. Really would have thought that it was far better to sell and move on ...
Only beneficiaries are the legal eagles as usual it seems.
Sell Your Soul, page-112
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