But market timing does have adverse consequences for long-term shareholders of foreign stock funds.

Regulators say the practice, called market timing, is not in the best interests of long-term shareholders.

But long-term public shareholders have not necessarily fared so well.

The company, which has been a long-term shareholder, still has about 46,000 shares.

It appears that only large, long-term shareholders could nominate candidates.

Instead, she sought a merger with a company that had some history and long-term shareholders.

"Only a few of the big long-term shareholders remain."

"You're rewarding them for a goal that is not in the interest of long-term shareholders."

"We intend to be a long-term shareholder to get returns from that, and we'll see how that goes."

Such strong businesses have always attracted long-term shareholders.