RE:Oakville - show some leadership please provide an updateThey did issue two updates before their earnings release. If you read them and think another one would help, you are probably beyond help. That is part of the problem, if you read the releases you would think business was great, brexit has very little impact and generics are having no real impact on their business. It was clear to anyone who dug into the numbers things weren't as they were pretending they were, but some chose to trust management and were in for a huge let down. Shortly after, they wrote down a half BILLION in assets and guided down. What changed in a week?
Fool me once, shame on you, fool me twice shame on me.
There is no trust in this management or company. I truly feel sorry for those still living in the clouds and clinging to the hopes of making back their losses on this name. The signs and warnings are all there, you can lead a horse to water........
rad10 wrote: Impossible to speak to anyone at head office in Oakville - there is a bunker mentality. Not a good strategy IMHO. Yes there have been a series of unfortunate events Brexit, Hillary campaign, FDA renewed interest in Donnatal and generic competition for Nilandron, but these are beyond company control.
Time to show some genuine leadership and issue an update.