Post by
mingzhu on Jul 29, 2019 10:31pm
bad financials. management lack business skills and
intelligence. Good business is managed BADLY, That is why they can sell brands at proper price. They simply cannot bring the intrinsic value out themselves, but other can see the value of the business. The sooner they can sell all, the better. i will hold my positions for 2 more Qs. Next Q is only one month away. They have plant-based cheesse put on 4500 stores and love child in 350 stores in next 2 Qs. Management are not busieness men. it is beyond me that they could make good business look so bad.
Comment by
Manimal on Jul 30, 2019 9:40am
Agreed. Good time to buy for sure.
Comment by
eljoro on Jul 30, 2019 10:04am
If management is buying today then it means the Strategic Review has not gone well. There is simply no way they could buy shares with the knowledge that the company's assets are close to being sold.
Comment by
eljoro on Jul 30, 2019 10:09am
Sold my holdings at the open, by the way. This may turnaround but short term I just don't see any reason to be a shareholder except for the hope and prayer they sell some or all of the brands. Best to all, El Joro
Comment by
happyhunting on Jul 30, 2019 12:33pm
Completely agree with this sentiment - his credibility is shot. Zero mention on the call of the elephant in the room - the mountain of debt and VTB loans that either requires payment or refinancing this year.