I will take too long to turn the corner. MM has a lot of work ahead of him to fix this one. A lot of very expensive work putting in systems and software not to mention policies and procedures. With the S & S you have training and a long learning curve. With P & P you have people used to the old school pushing the envelope of just plain ignoring them. Will take some time and a few good "examples" to show P&P are serious and will be enforced.
Once the company is turned around and WMI can post decent earnings in a reasonable time frame, It will take a few quarters for investors to trust the numbers and feel comfortable that the other shoe is not going to drop wiping out those earnings with special charges.
Me. Because enterprise value would have to be about 30 billlion, which would mean that operating cash flow would have to be 3.5 billion (free cash flow would be 2.5 billion x12times, which is twice what it is at the moment.
ought to reassure individuals that this management team will be held accountable. Plans to divest and clean up the books is on track. $33-38 stock price in a year seems attainable, with growth from there.