Pessimism9 Nov 2017 21:40
I have never known so much pre results pessimism as we have on here at the moment. If GD fails to deliver this time, then the new chairman will surely have to act. It is now over 18 months since GD turned down the offer and promised us jam tomorrow. That time has now come.......
I know he has reduced costs - management redundancies - but that uses up cash. He can only play that card once.
I am struggling to see where the good news can come from:
Sales growth - he has already told us that is no longer an aim
Reduced debt - I doubt it, if he has been paying out a load of redundancy cash
Increased EBITDA - that is the only hope
If he fails to deliver next Wednesday, he surely must go.