I think the street's reaction to the news that Elliott wants the board refreshed and JB gone is all you need to know about their leadership. I took the bag and split to a better job and if you can, do it as well. Crown's reputation is complete doo doo at this point and you're only hurting yourself by staying.
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Wells Fargo wants the EMT replaced, too. They will support Crown and provide money if the EMT are replaced. Otherwise, no money from Wells Fargo if EMT stays.
https://seekingalpha.com/news/4043882-crown-castle-raised-to-equal-weight-at-wells-fargo-citing-elliott-involvement
Oh gosh, is Jim Cramer buying?? Head for the hills we are screwed!!
@1ehs+1pPCmoGU The response of the market is an affirmative signal. I hope the proxy fight goes in their favor for the sake of the investors. It's probably too late to hope that it will work out favorably for the employees.
CCI is up 30% from a month ago. Elliott pulling the same BS with PSX, who's up 14%. Market manipulating crooks...
Lol great conspiracy theory. When does the cavalry ride in?
Yeah AMT is up about 3%, SBA is up about 4%, and Crown is up around 12% since the announcement. See? The same! What's an 8% to 9% difference between friends?
@1sip+1pPCmoGU You might want to re-evaluate your comment when you review the out-of-market-trend jump we got on the 27th.
WSJ -
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-11-27-2023/card/crown-castle-stock-rises-after-elliott-pushes-for-changes-mz8ZQtBZQik8TisclOeH
Jim Cramer -
https://www.cnbc.com/video/2023/11/27/crameras-mad-dash-crown-castle.html
All the tower stocks are up because interest rates have stabilized. Good grief.
Jay's just at the next stage of his master plan https://www.thelayoff.com/post/@1bcq+1pjLCFy6
Then JB goes to service now since he is all in on it....
Conspiracy theory thinking lol. What if Jay asked Elliot for this to boost the stock price. Then Jay bails after his worth is higher.