Originally Posted by
BlackPeter
Look - I think the difference between our views is that I am quite emotionally decoupled from the company. It does not make any difference to me, whether they shine or crash, but I do find them an interesting case study to learn from.
It feels that you might be quite committed - and this brings out the pink coloured glasses. Sure - the four downgrades and their ineptness to manage or understand their sales channel might be only a bad dream in a year from now, but it might be as well the start of a trend. Whatever it is - the world has clearly changed, and how well did they deal with the change last time? See.
Bad management and bad governance in my experience does not go away unless you actively do something about it.
Nothing wrong with pink coloured glasses in the right circumstances ... but for me and my money I think there are much safer bets for a reasonable return.
Why do you think ATM is a good company to invest in given all these uncertainties?