Shooting the messenger at Slater & Gordon

Since I last wrote about Slater & Gordon (ASX: SGH) in July, its shares have plunged a further 82% (no, I didn’t short it).At last week’s AGM, however, instead of criticising management and the board and questioning them over the company’s accounting policies, strategy, and outlook, shareholders concentrated on blaming short sellers for their predicament.I think they’re wasting their time.With things having only got worse since the AGM – the UK has proposed regulatory changes that may drastically reduce the profitability of Slater Gordon Solutions (the rebranded Quindell Professional Services Division) – there are some good, albeit painful, lessons here for...

Since I last wrote about Slater & Gordon (ASX: SGH) in July, its shares have plunged a further 82% (no, I didn’t short it).

At last week’s AGM, however, instead of criticising management and the board and questioning them over the company’s accounting policies, strategy, and outlook, shareholders concentrated on blaming short sellers for their predicament.

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