Post by
Northforce13 on Dec 14, 2023 6:13pm
Donville Kent, the Big Bag Holder?
The SP reaction tomorrow is going to be super interesting to watch.
Yeah my notes say DK expected > 1.00 EPS for the year. If Q4 is more or less as expected it will be more like 0.20 EPS for the year. They are off by just a weeeee bit on that one.
Donville Kent might start looking like a huge mega big Bag Holder if the SP tanks or even weakens.
I have no idea what's going to happen. The balance sheet is amazing, but the profitability is gone. This could become another slow mo value trap of slowly deteriorating conditions over years despite balance sheet strength.
Or some new CEO is going to come in from some failing catastrophe business she managed to escape from, come up with a bunch of bright ideas that ultimately drive the company into the ground after eating up the strength of its balance sheet. Saw this happen with Le Chateau. Old CEO left and hired some chick (no doubt hot, and probably extremely... skilled) to replace him. She drove it straight into the ground.
Going to be interesting to watch this over the years. Hope none of the above bad possible scenarios play out and things go well instead for the company and the share holders.
GLTA