Alain experience in many multinational, private equity firms and focus on growth and profit. BAckground in chemicals. Profitable growth main reason for joining. Sees high potential of growth. Easy to understand product.
Application of CFOAM is variety of industries. Scalable product range which makes it unique.
Material is low cost. So robust material but low cost.
CFOAM has lot of R&D accessibility as it is linked to Touchstone.
1. Strengthing growth platform:
when joined they had to improve quality. Month of july production will reduce as they have to improve quality.
Significant improvement for quality since he joined. Reengaging with customers. Might see decline number in quarters due to focus in quality.
Next 2 quarters will show update in numbers and this quarterly is not going to show growth. Working closely with touchstone. Touchstone driving penetration CFOAM in market and helps in R&D.
2. About accelerating growth:
Marketing of CFOAM and PFOAM. Lot of inquiries for use of product.
Sorry guys have to knock off now
CFO Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held