Post by
Moneyday0 on Sep 18, 2015 8:52am
Sept 28 is investor day
Perhaps this is at the heart of the CEO departure. Difference of opinion, strategy, direction, etc. etc. Makes sense as they finalize the road show for such differential opinions to come out. Or could be as simple as lack of interest from investment community given the years and years of over promising and under delivering. Guess there is some potential rationale for the CEO out of the blue departure news. Lets hope mngt pulls up their pants and get things online for the presentation and future endeavors to get back on track. Latest news release on Chinese low cost operator is good but likely gonna impact expense side of equation once again before revenues flow in quarters down the road. They need to implement but incur revenues as well as expenses.. not the usual expense only scenario. Shake up gotta be sign of good things to come and hopefully renewed vote of confidence to the investment community. Wonder if the investor day will still be a go though given the surprise CEO departure. Hope so...... and hopefully brings in new investment opportunities and analysts. They better not be looking for another PP!!!!!!!!!!!!!!!!!!!!
Comment by
StompinTom on Sep 18, 2015 10:18am
Cancelled investor day, which means I was wrong and Proud's resignation was clearly a surprise. I believe the business is still fine and in good hands so no action yet but keeping an eye out.
Comment by
lostdirection on Sep 22, 2015 3:39pm
Losing too much money if they continue like the last accounts. The only focus seems to be on keeping investors happy instead of actually delivering. I think Openjaw is keeping them afloat. All uneducated views from me to stimulate conversation. Fire away