Post by
NonCredibleSrc on Nov 15, 2023 9:56am
When a company 'misses'
Is it truly the failure of the company?
Or is it that the relative 'analysts' are underinformed, have missed something, or simply, are wrong?
Been a recurring question in my mind!
Comment by
dandu1924 on Nov 15, 2023 10:08am
BIR has missed their targets: 1) reducing the debt ( during the Q1, Q2 and Q3 ), the buyback Q3 has been stopped, and the cherry on the top their dividend has been Q1, Q2, Q3 came from the financing debt. So the management is not fair and we are now around 7% down today. WOW
Comment by
NonCredibleSrc on Nov 15, 2023 10:36am
I hear that, and I get it, but how did the analysts not know it already. We all here on this board had an idea that given the current environment with NG prices BIR would be financing some of the DIV with debt - who did that surprise?
Comment by
robert41 on Nov 15, 2023 10:48am
They know it everyone knew it. What needs to be addressed is Jeffs arrogance it gets in the way of doing what is right.. he was right once and got luck with gas at great prices but he failed to look down the road and protect the great balance sheet and investors. Im amazed the Bir board lets this happen. Having said that at some price this will be a buy again I cant figure out when that is.