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Advanced Drainage Systems, Inc. Message Board

  • zxcvbnmrg zxcvbnmrg Aug 6, 2012 4:24 PM Flag

    Gamache

    They should look for a new CEO, this guy consistently over
    promises and under delivers. All the cash he wasted last year buying back WMS stock in the 30's and 40's; now they don't have the cash with the stock under 20.
    I suspect during the conference call they will be on the cusp of much brighter days, next quarter.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • This is not a WMS problem, it is an industry/economy problem. Take a look at the quality products he produces - I believe he is doing a fine job.

      • 1 Reply to DProxima
      • Konami has been making life harder for all slot producers, particularly on the low end; but look at Bally over last 2 years compared to WMS. Bally has been taking market share consistently and it is always a lame excuse from Gamache for missing expectations. Q1-12 it was game approvals, now its the economy. On Q1 call he said participation win would be up in Q2 because finally getting game approvals. Had wind at his back of summer months and win per day still declined in Q2. Fiscal-13 expect lower revenue and earning compared to -12 the excuses will start flowing on Q1 or Q2-13's call.

 
WMS
20.95-0.28(-1.32%)Sep 30 4:03 PMEDT

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