PAETEC Stock Drops 46% in One Day — Bob Duffy Isn’t Worried
You really have to hand it to Mayor Blue Sky and Sunshine. Did you see the story on Rnews yesterday stating that PAETEC stock dropped 46% on Friday? Mayor Duffy had this to say:
Mayor Bob Duffy says he’s confident last week’s revenue reports will have no bearing on Midtown.
Worst case scenario? The mayor says there is a plan.
“If something happened to PAETEC we’ll have to go back to Plan B. I don’t want to say what it is, but I will say this, whatever happens we’ll be ready to pick up and go,” Duffy said.
Let me see if I understand this. The company you are counting on to rebuild on the Midtown site loses almost half of its’ value in one day and you aren’t concerned.
Granted, Blue Sky and Sunshine has led a charmed life. Who else do you know who could be a registered Republican most of his life, live in Fairport so his kids wouldn’t have to go to City Schools, move back to the city, switch his registration to Democrat, never be involved in the political process until he decides he wants the top job in the city, claim Bill Johnson is his political mentor, and actually get elected mayor?
We will be watching this with great interest. For the sake of our community, let’s hope we don’t have to find out what plan B is.
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