Bob Chapman Takes Aim At BLG, Idaho

Here’s an excerpt from Bob Chapman’s latest 13D letter to Building Material Holdings. It’s pretty much what you’d expect of the old boy, if you expect some ire over excessive executive compensation, judgment passed on one’s ability to make the most basic legal and ethical decisions as they pertain to BLG and the unsolicited recommendation to dislodge body parts from places they wouldn’t necessarily be found in nature.

May 25, 2007
Mr. Paul S. Street
Mr. Street,
Given your extensive legal training at such a lower tier firm as Moffatt, Thomas, Barrett, Rock & Fields, I understand why it is that you consider Mr. Wilson’s E-mail address ([email protected]; given to me by no fewer than two other senior executives at BMHC) so proprietary. The reason is that you are poorly trained, and apparently incapable of making sound legal and ethical decisions as it relates to the advisor to the largest owner of the company paying your excessive salary (and other compensation).
My strong advice to you is the following: remove your head from the dark orifice in which it seems naturally to find itself, and thereafter find a means of distinguishing material, non-public information from a widely available E-mail address being used to communicate a public document with Mr. Wilson. If that is not a feat within your mental capability, please pack up, head east and get back to Boise at your first opportunity.
Happy Memorial Day.
Robert L. Chapman, Jr.
Managing Member
Chapman Capital L.L.C.

Accompanying graphic redacted.
Bob Chapman Lays Into Building Material Holdings [Seeking Alpha]
Earlier: How Not To Respond To Investor Remarks

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Comments (7)

  1. Posted by anon | June 8, 2007 at 9:51 AM

    Chapman’s command of the English language is terrible. Poor grammar and phrasing abounds.

  2. Posted by anon anon | June 8, 2007 at 10:37 AM

    Just an opinion but these two guys seem to be in some sort of a mental haze or fog. Pick an index fund over these two.

  3. Posted by anon | June 8, 2007 at 10:37 AM

    must be humiliating to be Robert L. Chapman, Sr. w/ this spawn hatefully running amok. well, unless his Dad is a jizz cock too…

  4. Posted by Gordon Gekko | June 8, 2007 at 11:04 AM

    who does he think he is, Dan Loeb?

  5. Posted by MSM Hack | June 8, 2007 at 11:24 AM

    Loeb wannabe but Chapman lacks the rythmn. Minus points for “east to Idaho,” it reminds everyone Chapman’s on the wrong coast.

  6. Posted by mariaBJ | June 8, 2007 at 11:29 AM

    This guy sounds manic-depressive to me. He’s was all jacked-up while writing this letter and will probably be crashing all weekend.

  7. Posted by Tim | June 8, 2007 at 12:42 PM

    Plus, Chapman lost all his credibility with the Footstar debacle a few years ago.