This feels like a move to preempt Q1 earnings call.
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Speaking of shareholder value,
Is there a suit being filed against JD for deception and loss of shareholder value? It seems like there should be.
Agree 100%. The 20% bump that Starbucks enjoyed when replacing the CEO is not likely to arrive. Today’s bump (6% as of this writing) could easily be clawed back by a poor earnings report. Still, we now have hope. And a whole lot of work to do to reverse the incomprehensible damage. Hope you are well rested Elliot!
@cjt+1uBncqbc Meh… that’s a fair perspective, but I think if the results are going to be good or relatively good at least then you name a new CEO to ride the positive momentum. You definitely do not want to name one after bad results, that’s like trying to put the toothpaste back in the tube.
If results are that bad, why wouldn’t they do the announcement of new CEO during the call? Here is another theory: results are ok or at least aligned with new outlook and they want that to be part of the new narrative.