they only beat this quarter because of $160M in hedge profits. Is this a brokerage house or a business? They missed big time taking that out.
Emancipation has probably talked to them and figured out that they refuse to change their views. They think they are right when everyone else thinks they are wrong. Over 100 people working at the company have their livelihoods tied to their twisted views
Now hold 9.7%, 1.27M shares. Bought more in June
The Reporting Persons acquired their shares for investment in the ordinary course of business. However, the Reporting Persons are filing this report on Schedule 13D as they expect to more actively engage the Board of Directors and management of the Issuer regarding their strategy. The Reporting Persons also expect to be speaking with other shareholders from time to time. It is the belief of the Reporting Persons that the Issuer needs to focus on generating positive cash flow in the near term. While the Reporting Persons generally agree with the Issuer’s new strategy, any delay to achieving positive and growing cash flow would cause the Reporting Persons to urge the Issuer to seek strategic alternatives. The Reporting Persons believe that the Issuer has excellent products serving a large and growing market, but execution challenges have impeded growth.
In the ordinary course of their investment business, from time to time, representatives of the Reporting Persons engage in discussions with the management and boards of companies in which they have invested concerning the business and operations of such companies and potential approaches to maximizing shareholder value. The Reporting Persons intend to continue to seek to engage in such discussions with the Issuer and may do so with other holders of the Issuer's securities and/or other third parties as well.
I disagree. The US company has all the lawsuit stuff behind it. The international company is where the US company was 30 years ago. Anti-smoking backlash is now happening overseas. I have no desire to own PM.
I would rather see MO buy another alcohol company
that's your argument?
Share count is up
earnings quality is poor due to $160M in FX gains
and you counter with I am an nut case? My counter is you are pushing your mental issues off on others. You are ignoring facts
Get a life kid and stay off your moms desktop. Let the adults talk about money
do you even know what PEG is? PE over growth rate. There was no growth. So how could PEG be fine?
Take out the $160M in FX hedge gains and they missed by a mile. These results were a disaster. Management need to be fired. BOD needs overhaul. We need an activist to shake things up.
the GAAP diluted share count is actually up yr-yr. The buyback is simply not buying back the massive options given to insiders fast enough to lower the share count.
The buyback is a theft of wealth from shareholders and a transfer to insiders. It is a farce