Martha Stewart Sentencing 7/16/04 - Bloomberg Radio features Bruce Fenton to discuss
Bruce Fenton, President of Atlantic Financial appeared on Bloomberg Radio as the sentence for Martha Stewart was announced. Fenton commented on the effect on the stock of Martha Stewart's company, MSO.
"Overall it is clearly a bad thing for Martha Stewart and a bad thing for her company but the news could have been worse based on Federal sentencing guidelines." Said Fenton.
Fenton added "Few companies are as associated with the name of one person, even Ralph Lauren, despite a very high profile, is not as recognizable or associated with his company as Martha Stewart."
Fenton went on to add further comments relevant to the impact of this event on investors.
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Bruce Fenton is the founder and president of Atlantic Financial Inc.