Hunt should either be in a position to sue the vendors of that very fully priced European acquisition for not fully disclosing the supply risks, or should resign - not good enough IMO. It is now an obvious hospital pass. If the acquisition was priced for major risks that would be different. Great that he can look after himself, but not the business. Suggests too much focus on the wrong thing, himself.
Also the material downgrade to the FY forecast was way too late - it would have been obvious months ago.
Very few CEO's are worth the money - obviously now we know this one isn't. BOD - time to sack him, and give somebody else a shot.
I'd happily long NUF with a CEO that is new, but not with a CEO that has demonstrated that he is not up to the standard required.
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