Any exciting observations?
6 replies (most recent on top)
A question about share purchase requires that the person responding understands business. In this case it was failed romrom who is incompetent to the nth degree. So no surprises that he bs’d his way thru it.
Trust the process.
The playbook is a long-term strategy.
Are we winning?
Trust the process.
That is all. Over and out.
What he meant was 3M share price will go down for another 18 months, until investors see an improvement. That's when the share price might bottom out.
Honestly, nothing specific. The responses were measured.
A few things
- GCA and Asia structure will remain and not be merged into one.
- Should we buy 3m stocks now? No comments.
- 18 Months to complete the restructuring and see results.
That's all that I took away.
There was a question from new join employee. He asked Mike whether it is a good time to buy 3M shares. Guess what? Mike didn't give a straight answer Yes/No. Instead he gave a long winded answers to divert the question.
Even CEO is not confident to tell employees to buy its own company shares. Shareholders, Better get out when you can.
Do tell us what was said…