I hope so. May not be a popular view around here but....Previous...

I hope so. May not be a popular view around here but....

Previous management were clearly preoccupied with appeasing the market with newsflow. That's a strong sign of the exec team having one eye off the ball, and on the share price. Just do your job and focus on managing the business, brand and executing on a clearly defined strategy.

Oh and the previous fixation on news flow / hype tied in well with the $20m of shares management sold at ~$20. They were not focused on the success of the business, but a short term indicator of what people thought the business was worth, which happened to be driven by irrational investors (fundies and retail punters alike!). Maybe they realised this and saw the opportunity to exacerbate emotional levels and outgame the stock option model supposed to keep them aligned with shareholders.

I for one am attracted to down to earth expectations, reasonable valuation and management who are just getting on with the job.