Yeah right, I think you meant to say "A Fleecer to the end"
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It has certainly been a 18 month misstep and it does take time for a company to pivot with all the previous new hires, in key roles, to be reconsidered by who the new CEO ends up being. New hires that follow/associated with a CEO is actually very common, they usually do not move on as quick as a departing CEO. An Australasian company taking on the US and China markets with a winning strategy is a big ask concurrently. The hardest part is having the key people to give it a fair shake. I don't see the key people in place and it does require more than just the right CEO.
Last reported us revenue was up around 100% on the previous year, they've got the product into well over 10,000 stores including Walmart, Kroger's and Costco, have just launched a new product, and are reporting double digit in-store sales growth. Not to mention they have a war chest running into the hundreds of millions. I think they'll let it run for a while yet
Mr Hearn said Ms Hrdlicka was a ''change agent'' who had been aggressively pursuing the execution of a strategy
"She had ruffled some feathers from time to time as she made changes
this is the biggie
there would now be more focus on preserving profit margins and less on chasing market share.
https://www.afr.com/companies/retail...0191209-p53i1c
wow hearn stuffed it hrdlicker was going for market share thru aggressive marketing spend and hearn says stuff the growth lets preserve margin. wow is this a growth company anymore?
I really hope not. US is shaping well, a key reason for at least some of the forward P/E ratio.