Pinned straw:
@Rocket6 thanks for sharing! I’d missed it.
I wondered about his time off; didn’t appreciate it was quite so existential. While he is part of the thesis, I think it is incumbent on the Board to help investors know more about the management team and potential internal successors. A good business with a strong culture should stand independent of the CEO, but there has to be a good bench.
I’m relieved about the stance on international. That seems right, and so it comes off my worry list.
I’m still sitting on a Val of $4.50. The last result was stronger on resi than my model and weaker on the rest, which $SYM strengthens. I haven’t digested $SYM in my model and, in truth, it will take 1-2 years of results before we can tell (which is why I generally don’t like material M&A).
$ABB has surprised me. I don’t generally like internet/telecom for reasons articulated previously. I initiated when it was grossly undervalued after $OTW, and continue to hold. But the more I’ve got to know Phil and $ABB, the more I like it. Even so, for me, it’s probably more likely a medium term hold than a long term one. I didn’t take the opportunity to add more in RL recently, as I am happy with my current weight.
A moment of truth for them is that I am in the process of converting my broadband from $TLS to $ABB. From site-specific reasons, it’s not a straightforward gig, so I’m getting plenty of opportunity to see just how good their customer service actually is!
Disc. Held in RL and SM