First disposition coming soonOnly my opinion...
if I were a beleaguered interim CEO vying to cement my status for the big job, I would have a deal in the cooker before announcing the new strategy and appointment.
I would announce the strategy on a UPOD basis (12-24 months/reduce $1billion in debt) then *boom*, a 5-10Kbd disposition bringing in $225-450 million to shut down the naysayers and send the shorts scurrying to cover.
Let’s see what happens in the next few weeks.
To really juice it, I might even announce at the same time that the share price has dipped below some pre-determined threshold of mgmt that was strongly militating for a share buyback. I would call for half the disposition to buyback shares under $8.50 with the other half to debt (imagine 10kpd sold/$225mm debt reduction/30mm shares repurchased and cancelled). I would close by reiterating my conviction that the original UPOD guidance remained unchanged.
If our new man has game, we will be closing in on $10 before the next earnings release, where a well structured release and cc could rocket CPG to $12.
I don’t know you from a hole in the ground Mr Bryksa, but I hope you can best an anonymous shareholder who ha nothing better on a Sunday than hanging out on this B.B...