RE: RE: RE: Hemisphere GPS appoints Dittmer as CFO It really feels like the board wanted to hit the reset button and disassociate as much as possible with the prior legacy/management of Hemisphere GPS with the intention of starting fresh and providing the company a new platform to finally build shareholder value. As such we've seen a significant change in management, corporate strategy, and even company name. The past has been swept under the rug.
I am disappointed that management did not provide guidance at the very least for the year. Having said that with a new team in place it makes sense for everyone to take stock of their contribution to the business and formulate a "real/feasible" business plan vs. throwing numbers at a dart board, which frankly is what the perception is of past management. SK's annual "25% growth" target sans strategy had many investors this year simply rolling their eyes, and when that proved to be materially corrected, even now coming in below 10% growth (non-core and core combined though. The ag division which remains had a decent year), all credibility was lost. Thankfully those days are over.
As an aside, very interesting to see the new Agjunction website. I still think it needs work but vastly improved over the beta version. What's interesting is the product line. Seems like RH wants to streamline the offerings (reduce skews). Not officially released, but the outback STX appears to be a much more durable version of the S3.