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E-Commerce China Dangdang Inc. Message Board

  • reddevils1979 reddevils1979 Nov 16, 2012 10:04 AM Flag

    New CFO Jun seems better than Conor old CFO

    Yes we got killed but honestly the CFO seems much better than Conor. He seems to understand the numbers much better and on top of things. The question is: Did DANG has to wait for Jun to resign at his old company before joining DANG?

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    • I agree and thought he did a good job on the call. He already has gotten a good grasp of the business. I wasn't sure if he would be able to present/answer questions so soon - but he did. A couple of times people asked questions about things that happened in Q4, as if the impacted Q3, and he was the only one pointing out that this earnings call is about Q3! I think management of this co has a bad wrap. They are patient and conservative - in time this will pay off.

      Also did you see the Q4 earnings estimate posted on yahoo is now $0.30 per share. I'm going to go ahead and say right now that is too pessimistic. I have a spreadsheet where I track Dang numbers and I think, using last year as a comparison to see how margins change from Q3 to Q4 for discounts and promotions, a loss of $0.26 to $0.27 per share is more realistic. Then I think next year is when we really see margins start to improve.

    • seems to know more then connor and in a short time was jumpiing in over peggy with better responses or enhanced responses to her answers ( on the cc)

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