Did anybody listen to yesterday's earnings call? AAM's CEO just started talking and gibberish was coming out. It did not sound like he really knew what was happening, or what had happened. When asked why the earnings miss was not anticipated, he blamed it on everything he coujld think of - supply chain problems, a need for management in foreign sites, blah blah blah. There was absolutely no credibility because he was just talking and was not on point. It was amateur hour at its best. Reminded me of Belushi running the frat house. No wonder the stock tanked. The analysts were very patient, but AAM needs to understand that you cannot waste the time of analysts covering your companhy. It smacks of a need for better leadership and management. What does everyone else think?
Okay, the pressure is on. The new CEO and his CFO stumbled badly in their first earnings call last October. Nothing but crickets from AAM since. Maybe the old man took 'em behind the woodshed? Anyway, what's in store for Q4 and full year? If they blow it again, is it curtains for the CEO and CFO? The Board of Directors better be squirming and fidgeting. Any more of this and all eyes turn to them. And who the heck are they, anyway?
I agree completely. Guy was all over the place. Embarassing. They don't know what's going on there. Obvious in the call and the earnings themselves. Whole call was filled with a bunch of excuses. Is anything going right there? Cause you wouldn't know it.
I also agree. Not every CEO or CFO is great, but this was pretty bad. Listening to the tape all I could think was "OH MY GOD!" Pretty clear how he got the job. Also clear it can't last. Good thing the market is closed today, 'cuz I think the stock would continue to sink. Neither the CEO nor the CFO have any business running a call like this, in my opinion. And it makes me wonder about the company as an investment.