Originally Posted by
simla
After all these years, the question remains the same! Well, I suppose the share price would be somewhat better if we knew the future.
As I've explained over my last few posts, I personally think the balance of probability is on the upside - but that's just my personal view. Yes, we know less about what is going on (or so I think, and you seem to be saying) but on the other hand the company is willing to make public statements that things are looking good. So the change is part bad, part good. As well, the explanation of the current plan does seem consistent with what we are seeing, to my eye anyway. Obviously it will also take a couple of years at least for we shareholders to develop a feeling for how the new CEO uses adjectives compared to the events that follow. Everybody has their own communication style, and we need time to get used to a new one perhaps. It is obviously a very different style of communication than we have had from BLT before, which is a complication for us in our considerations at this stage.
We'll know the answer to your question later, and not before, alas. It remains complicated for shareholders to make a call on the future. For myself, I have decided that the willingness of the company to be publicly positive is probably worth giving weight to. They don't have to say that stuff, after all. Blis watching remains interesting though. No boring certainty for us!
Just my two cents' worth. Others will no doubt disagree. I'm not sure the AGM will provide too many new answers unless they are willing to forecast forwards a bit, since we really want to know the bottom line in a couple of years, which simply cannot be known now. We might perhaps assume that the last update implied no new bad news that they should have mentioned?