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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (76267)	10/1/2024 1:44:45 PM
From: Harshu Vyas	Read Replies (1) \| Respond to of 78476

Looks like management has a detailed 3 year plan Business plans. I've found them to be a headache in most cases and unless the plan makes sense to you, I wouldn't buy into it. I've bought into a few plans that were complicated but because management were so sure it'd work, I got punked. Naivety? Yes. I don't know if you've read Good to Great by Jim Collins (I don't agree with the whole book, but parts of it) but he particularly pushed the point that all management teams will have some sort of strategic plan for the future. Even the failure company will implement a plan that seems crazy with hindsight. I failed to understand this early on so I made the mistake of thinking that new plans were always better plans for a distressed company. Personally, I give management a couple of years (which I think is about right) to turn the ship. If it's taking more time, either the business is pants or it's the management. (Of course, you have to track competitors etc.) I won't buy UNFI purely because the CEO's been there since August 2021. The company's roughly halved in value - and whilst you can blame interest rates/inflation, there have still been winners in the industry: PFGC, USFD, ANDE, CHEF.