I tuned in to see what the reaction was to the latest firing at a2M. Surprised not to see a single comment. Just because the company puts the news of the latest firing at the end of its release on the CFO restructuring doesn't mean we should not read it or discuss it.
I have been around a long time and I have never seen a company clean house on virtually its entire "C" suite in a few months. Jane the CEO, the CFO, the Chief marketing Officer and now the Chief Technical officer. What does it mean? i have only been in the stock a short time so i don't know how long all these guys and gals have been there, who brought them in etc. But i doubt a short tenured CEO could have brought them all in? Are they being let go for a bad reason or a very bad reason? There is no good spin you can put on firing your C suite all at once.
I sold out almost my entire position this am. i am going to wait and see what the company has to say in the half year report before deciding on reentering. Good luck to all!
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