BNN interviewI just viewed the interview anchored by Catherine Murray. You can go to the BNN website and find the link for Business Day PM. You can then play the video of the interview directly from the page. It seems to be easier than trying to use a link posted here on this bullboard.
As one who has invested before in a company that has gone through the same rate of growth that this company is going through now I recognize a few dynamics that remind me of that very successful experience. The one that most springs to mind is the quick turnover of some executives in the highest positions in the company.This may be due to many things. Number one was that the company grew so fast that an executive of limited personal growth capacities quickly reached the peak of his performance as decribed by the "Peter Principal". The second dynamic was that it was not just competency...it was often about moral character, team dynamics or confidentiality. The third dynamic was that there was no time wasted in removing and replacing the individual that did not meet the company standards. When you are moving this fast you cannot waste time. And no time was wasted looking back as the momentum would not allow dwelling on what could have been. Either you moved things forward or you moved on...like dealing with 100 new employees vs one who is leaving.
I can now see where Mr Fernandez is coming from and why he moved through this without dwelling on the departure of the CFO. I have witnessed this before but it was not in a public company. The press and stakeholders were not allowed to dwell on it either. The press was not informed so no focus was lost dealling with the press. The team did not have time as you had work to do to in order to keep up as there would be lots more to do tomorrow. However this is one of the problems of being a public company that depends on shareholder confidence to maintain your stock price and your integrity. It is not what you did or what you said but how you say it that is under scrutiny. This is a reason many companies stay private. If you are a public company you must be very careful that this sort of thing does not end up a distraction and draw corporate energies that are best put to work building the business.
The bottom line is that all of the fundamentals for a powerful growth trend for AVO seem to be in place. The numbers say it over and over again. Numbers do not lie and if the numbers are true there is trmendous pressure for this stock to return to previous pricing levels in the high 20s and 30s and even higher. It is not if but when. Companies can grow this fast and make huge amounts of money really fast. My experience tells me that this could be very well be one of them. I will be very disappointed if there is more to this than what is being presented.