Hi everyone
I have been watching the stock closely for several years and I noticed that we are getting close to $1.
I bet, and I can be wrong, that if the stock price goes under $1 this will trigger a reaction from either the CEO or the CFO or both.
I assume that the recent decline is driven by:
- Poor merger of culture
- Offshoring programs for their clients
- Cross selling (with acquired companies) might not be working as well as expected
- Low staff morale and low retention
- This stock pays good dividend, does the proposed labor changes (if elected) on franking credit impact this stock?
I believe that a change of CEO is needed, but large shareholding might block this. I also believe that the culture needs to be completely revisited from top to bottom and we need more diversity on the board.
What are your thoughts? What is a more positive investment thesis? What did I miss?
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