Originally Posted by
Beagle
(OCA) on a forward PE of just 11, (far more value orientated) with a reasonable yield component (about 5% and growing each year for the foreseeable future). I met the CEO last week Earl Gasparich and he is known to some friends of mine in the industry to be a man of very high caliber and upmost integrity. I don't know the two new CEO's of the milky companies from Adam. I guess there comes a time when one asks themselves if they need so much volatility in their portfolio or whether they can still get really good growth and some yield by tweaking their portfolio... I still hold a reasonable stake in each, (free ride of course).
I've been thinking about the changes in CEO's for many many weeks now. Except from ATM annual report received today Chair's comment page 15 "This year also marks the retirement of Geoffrey Babbage as managing director and CEO..... Geoff's leadership was a critical part of the company's success over his 11 year association with the business" Emphasis added. I really don't know what Ms Hrdlicka brings to the business but her credentials leading JetStar and what a rubbish brand that division of Qantas is, do not impress me.