Mehmet Balos, AFCI's VP for global sales and marketing resigned last week, or got fired. Anyway, he left on zero days notice.
In the interim, John Schofield, the Company's chairman, president and chief executive officer, will assume the role of acting vice president, global sales with three regional vice presidents of sales reporting directly to him.
Translation: Management ranks are thinned out. Profits are falling faster than sales are dropping, the P/E is now at or above 70, and CEO/President/Chairman/acting vice-president Schofield still sells 3,000 shares a month, and has done so for at least 14 months. No insider has been buying, Zacks rates it a "Hold."
Why do you offer this as an example of a well run company? Why buy the stock here when management is doing the opposite?
Chaz |
