RE:Living in the PastGood words to live by. Thank goodness they are gone and I also believe Miguel will turn the ship.
For what it’s Worth. Part of his agreement in taking the CEO position was to lay all the cards on the table and start fresh with no unknowns.
The NR a few weeks ago....mentioning the New CEO and the deficit at the same time may have been on purpose.
Mentioning the write down on it’s own would have had people run....mentioning CEO on it’s own and the 1.8 billion later would have made it look like the New CEO created the large debt. Not something you want to have your name on and being new to the position.
Blending the two together has me believe that all the bad news is out of the way and we grow from here with a steady hand on the wheel.
I’ve had several sleepless nights and as you know, I think shorting is criminal. At this point I will stay long and ride the shaky train.