@GUHU
Ich befürchte, dass das Problem nicht nur ein schlechtes Quartal war ...."cut" ... und daher die Reaktion vom 3M Management?
>>>>
".. When you go back through what has occurred at 3M over the past year, what becomes clear is that there has been a habitual habit of overpromising before underperforming and cutting guidance, with the management team being largely reactionary to shifts in the macro environment.
Is it coincidental that this began just as Michael Roman became CEO, replacing Inge Thulin? That’s perhaps up for interpretation but we could see him eventually become collateral damage from these failures if problems continue to persist:
https://seekingalpha.com/article/4257855...oblems-new
Ich befürchte, dass das Problem nicht nur ein schlechtes Quartal war ...."cut" ... und daher die Reaktion vom 3M Management?
>>>>
".. When you go back through what has occurred at 3M over the past year, what becomes clear is that there has been a habitual habit of overpromising before underperforming and cutting guidance, with the management team being largely reactionary to shifts in the macro environment.
Is it coincidental that this began just as Michael Roman became CEO, replacing Inge Thulin? That’s perhaps up for interpretation but we could see him eventually become collateral damage from these failures if problems continue to persist:
- First initial cut to 2018 guidance (Q2 2018 earnings release): Down to $10.33/share at the midpoint.
- Cut 2018 guidance yet again (pre Q4 2018 earnings release): $9.95/share at the midpoint.
- Full-year 2018 results in (Q4 2018 earnings release): misses the mid-point of cut guidance by a penny.
- Initial 2019 guidance given (November 2018 Investor Day): $10.88/share at the midpoint, up 9.5% year over year.
- First cut of 2019 guidance (Q4 2018 earnings release): $10.67/share at the midpoint.
- Second cut of 2019 guidance (Q1 2019 earnings release): $9.50/share at the midpoint.
https://seekingalpha.com/article/4257855...oblems-new
