| | | I read conference calls a lot and it is one thing that i like about seekingalpha. I also like their mobile app.
Conference calls are extremely important to me to judge a company. It gives me insight (or at least the perception thereof) that i can't get from just the filings or press releases alone.
Examples:
IBM earnings CC: Rometty keeps emphasizing the earnings numbers - she does not talk much about the customers or technology. It's pretty clear that she is focused on making the 20$/share earning goal. My concern with these types of managers is, that they will get their results, even when everything falls to shambles. Their style that is very evident from the CC, deters me from investing.
TWI 7/25 earnings call. This is Maurice in action, a complete joke. He insults his employees ( elaborating on 10 min bathroom breaks), his dealers (their freaking cash flows), customers (lying through their teeth about tire inventory to him, having mines in "godforsaken places") or teaches them about the right size of tires that they should design in their vehicles (Deere, CAT). As i read this, I think I read a satire hollywood script for aHollywood comedy about a CEO.
I could throw back the profanities that he is using back to him but let's just state that:
A) I feel sorry for his employees and everybody who has to work with him
B) The day the board gives him the boot, TWI stock will go up ( possibly quite a bit)
seekingalpha.com
A positive one: PNRA bread Q3 CC: I found it great that the CEO and founder stepped in and simply said - we need to do this right even though it will cost us (and we don't even know exactly how much). I thought that this is an example of a management that seems honest and reflective on what happened and needs to be done. the stock seems kind if pricy but i am more inclined to invest, since I think that management is on the ball.
seekingalpha.com |
|
