SP continued falling from $10 to $5 within months of his commencement date, on what planet do you think $10 is an accurate baseline?
It's also pretty simplistic and wrong to say the problems left by former management 'were fixed pretty quickly'. Writing off inventory and cutting out daigou was just the start. Then it has required shifting to a completely different sales model without a channel that previously accounted for a majority of their sales. And doing so whilst continuously growing in spite of a huge market downturn and regulatory transition in China. Yeah, simple stuff.
Chart Update, page-25325
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$6.25 |
Change
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| No. | Vol. | Price($) |
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| $6.00 | 5000 | 1 |
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