The new management may be quite talented, but they're not magicians. That's where we disagree!
The best part is that our disagreement will very likely be settled one way or the other over the next couple of years as results come in. I regard the stock price as reflecting investors' collective guess as to what the results will be, not as the final verdict on this matter. Of course, it's not fun to be a short when the stock is surging to new highs, either. :-(