Recent

% | $
Quotes you view appear here for quick access.

Ingersoll-Rand Plc Message Board

  • online_investor online_investor Oct 20, 2011 4:16 PM Flag

    These 2 questions in conference call sum it up for me

    C. Stephen Tusa - JP Morgan Chase & Co, Research Division

    I just wanted to ask a little more of a theoretical question because clearly, with your stock performance, there's kind of a credibility issue that's developed here, which, for a new CEO who has a lot of promise and has been doing a lot of good things internally, I think is very frustrating for investors. It kind of starts with what happened in August and you guys are selling Hussmann and you had a conference call. Just curious as to -- through this last couple of months of events, whether it's the Hussmann conference call, what happened on the second quarter call, following up with the Hussmann call where there was comments around some softening in key end markets and then obviously the preannouncement on the last day of the third quarter, what was your mindset? And I'm just curious as to whether it's a communication issue? Do you understand investors' frustration with kind of the way this has all happened? And I hope that your viewing this is kind of a potential ditch and sink event where you can kind of bottom out on the credibility -- on a credibility basis and move forward? I'd just want to kind of get your take on how you see this playing out from an investors' perspective?


    C. Stephen Tusa - JP Morgan Chase & Co, Research Division

    But I guess, back to Nigel's point on the guidance for no growth and a no share count reduction, which is kind of the share count reduction has happened, and I just hear you blaming it on the economy and there doesn't seem to be any kind of mea culpa here at all, and again, I don't mean to kind rake you through the coals, but I think it is, for a new CEO who's trying to do big things, I just think it's something that needs to be addressed over time, and I think you need to be somewhat aware of the investor frustration around that, because everybody's dealing with a tough economy. The R-22 thing was -- quite frankly, it looks like it was just missed, and it's just missed execution on that front. So I'm just struggling with drawing a straight line from the economy to what's going on here. That's all.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
IR
68.78-0.66(-0.95%)May 29 4:05 PMEDT