Charges Drop, Stock Rises
Judge Cedarbaum threw out Martha Stewart’s most serious charge on Friday and the impact was
easily measured. MSLO stock rose—proving how inseparable the two entities are despite their efforts to distance themselves.Speaking of which, do you know who Sharon L. Patrick is? She’s MSLO’s new CEO. As charges are dropped, we see the media shifting to stories on
business as usual, including how MSLO is moving ahead during the trial. We’ve been discussing this for awhile here. MSLO and Martha Stewart may not be as separate as they would like these days, but MSLO will go on and survive—regardless of the trial outcome.That said, I think Martha will walk. The most serious charge against her has been dropped. This brings the rest of the charges into question. As closing arguments wrap this week, it gives the Stewart camp more momentum towards a not guilty verdict.
