Until bkl get a new CEO it is a sell Mgnt fly by the seat of...

Until bkl get a new CEO it is a sell

Mgnt fly by the seat of their pants and lack attention to detail. Listen to CEO talk she talks broadly never specifics this is because her attention to detail and cost mgnt is very poor. She is lovely person but lives in a bubble. They need a CEO who has come from a Bain capital similar type company who is aggressive on costs and process and procedures . They need someone who financially evaluates every decision. I don't believe this happens now.

I believe there is a serious unwind coming and until the CEO is removed and earnings rebased it is a sell. I would buy once the new CEO is put in place.

Be careful