This new CEO has been brought in to sell MM IMO . PP sudden goodbye and all of a sudden our growth rate has been reduced in the hottest sector. Sounds like selling the company to highest bidder. Shareholder won't complain after this last conference call, I have been long but now I simply want out at some reasonable price. 10-13 a share and I am happy.
New CEO's kitchen-sinking their first quarter on the job is typical. BUT ... the leap of "logic" that "the sky is not falling" does not follow from that. MM could very well be on their way to failing long term.
I'd have liked to have been a 'fly on the wall' when PP was given his walking papers. I called "that" since month two in this cluster-f, he was an idiot on Cramer and it just went downhill from there. Take a look at the 'glassdoor' website...gives you perfect insight to how this company was 'wasted opportunity' from day one.