posted on
Dec 19, 2014 04:07PM
That article is proof that superior (and honest) management can make the best of a bad situation for shareholders. CRY management waited too long to take action against Venezuela and burned up the cash war chest required to finance the legal process. Not to worry...after making this fundamental strategic blunder Fung and company kept their faces in the trough by stealing shareholder equity. Jim Cramer was correct in his parting shot referring to Fung and company: "fool me once shame on you....fool me twice shame on me....fool me three times....???"