Everyone claims that he or she is an expert on the resignation...

Everyone claims that he or she is an expert on the resignation of the CEO and ignore GXL facts.

The facts

  
On Tuesday 11/8/15 Greencross announced it had returned to profit in the year to June 30, with after tax earnings of $19.1 million on revenue of $644.5 million.
This compares with a loss of $127.8 million in  2014, due to a one-off impairment charge of $130 million, stemming from its 2013 merger with Mammoth Pet.
"It makes our step-up look huge but we're trying to say, "look we can't claim a $150 million improvement in profit but what we can show you is underlying results", chief financial officer Martin Nicholas said.
"I don't call it a turnaround, I call it a great year of results."
The company will pay a dividend of 9¢ per share on September 18.
Read more: http://www.smh.com.au/business/the-economy/australians-love-for-pets-good-news-for-greencross-20150810-giw5om.html#ixzz3k1LqlDAn


GXL has scale and high future growth. The results proved most of the brokers wrong.