Skip to main content
No. of Recommendations: 3
Norm:

Regarding the restating of SUI's FFO downward ... you have to wonder if Management had previously awarded itself a 'Bonus' and stock options and so forth based on those artificially inflated FFO numbers ?

If so ... one would hope that a truly independent Board of Directors would send a message by insisting on correcting that error ... and reversing whatever 'Bonus' had been awarded.

If they don't, then I would like to nominate SUI for inclusion into our forum's "Hall of Shame".

And [rant follows]

Aren't the folks who manage our Pension Funds ever going to publicly speak out on this sort of issue ?

I can understand that the gun-slinging mutual fund managers could care less.
And I suppose I can understand that money managers who earn their fees loaning big bucks to SUI, could also care less.

But surely (other that Warren Buffet & Elliot Spitzer) why aren't our Pension Fund managers out in front on this ?

Aren't these kinds of book-keeping issues the sort of thing that the Sarbanes-Oxley internal control certification requirements are supposed have brought under control ?

[rant over]

---alan
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.