I wouldn't call him incompetent - he's got SOME good competence but is missing some things. But I agree with you that as long as he's a CEO this stock could get stuck under the fat butt of these elephants who are capping it because of a number of reasons which all boil down to the CEO as far I'm concerned. The buck stops there. You can blame doctors and insurance and eisai and weather and so on but value of a company is NOT independent from the quality of its leadership. If I had an ice cream company I wouldn't even want Jack to be trying to sell an ice cream for me let alone be on national TV looking baffled about easy questions about Arena and basically blowing it. But this is just part of the problem. Yes and I do agree that it could not get any better for shorts.
I wouldn't call Jack incompetent. He has many competences, but not some of the key ones that Arena requires at this stage in its development, IMO. As for shorts, I do agree with you that Jack is probably the ideal CEO in the eyes of shorts. Couldn't get easier. Can just see the champagnes popping when he's next on Bloomberg or CNBC!
And what did Jack do about it? Probably ZILCH! Could he have done something? OF COURSE! What did Cindy do to Credit Suisse's trash initial report? SYMPATHIZE with Lee! Don't get me started. It's a sore reminder of GWB!
Funny how consumerreports didn’t publish a report on Contrave which has a terrible safety profile including a FDA MANDATED BLACK LABEL WARNING ON SUICIDE. So who’s pulling Consumerreport’s strings ?? Wall Street crooks ? Or care for consumers ? If it’s the latter, why didn’t they publish a report and why did they publish a hatched job on a FAR safer medicine ? I believe something about consumer reports stinks BIG TIME!
You must be living in fear if you think others are driven by fear. Most people are but not I. I said we because this is a collaborative effort. And you ain't seen nothing yet.
no - as I said yahoo doesn't let posting of direct links - but u already knew that!
I'd be very excited to taking over a million dollars to the bank!
I can assure you you're not the only one. I don't think it's necessarily the wrong hands -- Jack has some good talents, but a new CEO will do the company wonders. And the same weaknesses continuing will continue to effect shareholder value.
C.E.O., i.e., the captain of the ship. The buck stops there.
Y doesn't let links posted but you can go to rezajournal and on the very top I have the link
compare some of the attributes of the CEO's ! Speaks volumes. I wouldn't even want Jack being the spokesperson of my ice cream company if I had one.
which means what? you have a problem with collaborative efforts sharon when you're not included?
1. Weak verbal communication skills
2. Missed many opportunities to tell a convincing story
3. Sometimes can not connect with audience
4. Sometimes talks at a level that is very unconvincing
5. Sometimes can’t sell the company’s story
6. To the point some people think he wants to help the shorts cover
7. Company has lost 2/3 of its value since approval
8. Several etail holders alienated and have cited trust issue in management
9. Trust and confidence issue among some in institutional investor community (analyst comment re Cramer / dilution / rat issue / etc.)
10. Institutional interest stuck and way below peers
11. Stock stuck in toilette
12. Turned the other cheek to manipulation (e.g. Cindy & CS )
13. Didn’t look for IR Director for a long time
14. Took forever to hire IR Director
15. Joked about revenue – or – inappropriately set unreasonable goal at onset of launched – both are no-no’s
16. Mistakes in press release about trial data
17. Handling of the rat data
18. Cindy’s double-VP position with no experience in Alliance mgmt
19. Craig’s IR position with no experience in IR
20. Weak persuation skills when it comes to selling the company's story to investor community and media
21. Weak sales skills when it comes to selling the company's story to investor community and media
22. Weak marketing skills when it comes to selling the company's story to investor community and media
23. Weak ability to keep up with fast thinking, Wall Street speed media reporters even when asked easy questions
24. Weakness in clearly articulating product's competitive advantage -- loosely stated it as supporting the pipeline!
25. Large stock sale preceding a drop to below 5 and below 4.
26. Laughed out loud inappropriately at analyst conference, post AdComm 2012, which had to be edited out of replay.
27. Treatment of retail (majority shareholders) vs. institutions [details to follow]
28. Lack of strategy to address naked shorting specifically
[The rest can't be said at this point]
I've always suspected the funds that want to exit Vivus manipulate Arena to make it seem like a sector problem. That might still be happening as VVUS is ready to go in the $2 range on its way to oblivion.
OREX has a solid management team with everything Arena wished it had in terms of management's aptitude with marketing, sales, promotion, relationship building skill, "customer" orientation, street smarts. Their problem is their science sucks.
Arena has a great product but has serious shortcomings in the executive management team -- no MBA's and missing other talent and education and experience. Best thing Jack can do for this company is to keep his tons of options, forego of the big salary and travel and TV appearance and keep the COB job and share his great wisdom and talents with the company's executive team. And bring in a new top notch CEO. Scott has a great background and I'm sure will help improve things but Arena has a serious image issue, IMO based on a number of reasons, and the best way to change that is to have a new face for the company. A younger dynamic charismatic BP salesman/manager/marketer/communicator/gutsy/assertive/fast-thinker/relationship guy. Arena absolutely needs this level of shakeup to take it to the next level. I think this will be applauded by both Wall Street and internally by people who are too afraid to say anything b/c their job is at danger. So who else would say it? BOD who's getting its back scratched and vice versa? Status quo is powerful and is not being embraced by Wall Street. I'm willing to bet a new CEO will rescue the stock from the toilette it's in, from under the #$%$ of the #$%$ elephants who've got the company, its management, and majority shareholders (retail) under their thumb.
in short, when Arena has a new CEO ;-)
did I say 50? 20 maybe? ok let's say 50. I never said when. maybe some day. but that was before I find out the CEO can't even sell his own company's story on national TV when given the chance and blows it almost every time -- and before I find out how much they suck at IR and communications and "street smarts" -- great science but a new CEO will do it good.