It’s never fun to bring the “bad news” to your boss.
When a company reports its quarterly earnings, there’s a conference call afterward where they go over the numbers and take questions from investors and analysts.
That’s the “earnings call.”
When things are going well, this call’s a breeze.
Just say you beat on earnings, revs, and raise guidance…
Then have the board write you a massive check as the stock hits levels that trigger bonuses in your contract.
But when things are going poorly, it gets a little more complicated.
You have to find ways to weasel around the numbers. You can blame the economy, regulations, competition, the pandemic, whatever…
Just never blame yourself.
Yet there are times when all the spin in the world doesn’t help poor numbers. Sometimes you just have to suck it up and face the music.
Now, we’ve got a company in the logistics space that did not have a good earnings event. The CFO blamed the supply chain, a pivot back to picking up items in-store, and the economy.
This type of explanation would generally cause me to just write off the stock and wait for the turnaround story.
But something interesting happened.
The same CFO who just finished explaining why the company had a lousy quarter dropped a cool $50k into the stock.
This is just a few days removed from the company announcing a dividend, too.
It’s one thing to deliver bad news…
And it’s another thing to publicly buy the stock with your own capital into that bad news.
At Insiders Exposed, we’re keeping a close watch on this name…
And we are just about ready to send the trade out to members.
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