Don't you find departure of Chris Price to be a risk for organic growth of the all-important HP account going forward?
4 month after his resignation from DD Chris joined the competitor, Ingram Micro, to head HP sales (ironically, he worked at Ingram before its demise). I remember reading here and here that neither David nor Fiona were actively involved in running the business and Chris was regarded as "heart and soul" of DD. I bet he was, as he was getting paid 6.75% of monthly group PBT.
Given how fast Ingram Micro has been loosing market share (and slipping into losses) since 2009, it looks like distribution is not a business which can be run by a "chicken sandwich". Judging from the success of DD in winning market share over the last 6 years and given its profit-sharing remuneration structure, it looks like a key man risk is high. Does anyone have any relevant industry experience?
DDR Price at posting:
$1.80 Sentiment: Buy Disclosure: Not Held
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