" further weight to oust the CEO and senior exec group" Sadly I...

" further weight to oust the CEO and senior exec group"

Sadly I do fear that HIL are like a rudderless ship, just changing direction on a whim and a fancy trying to find a safe haven.

I have followed (and held shares) in HIL for more years than I can remember. Their decline from being a solid, but perhaps boring company, started when the Board decided to diverge into areas that put them well out of their depth. These acquisitions were subsequently jettisoned at losses in the 10's on millions of dollars.

The Board, not having learnt their lesson about sticking to what they know best, seemingly gave CEO Petty a free hand to yet again take the company into uncharted waters.

The results of this latest foray are painfully obvious. The share price has (quite rightfully) been decimated and I really cannot see anything on the horizon to dig HIL out of their self-created mess.

On the contrary, they are so far in the hole now, they have no room left to maneuver and any further business sales/write offs could well be the end of HIL

As I have stated before, main main consolation is that the founders of HIL have lost a considerable amount of their fortune on the trust they have placed in recent CEO's!