Apparently the investors aren’t fooled by SM’s “vision.”
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By 2025, they might have made it to a recurring cloud revenue target that their competition will achieve in 2021/22.
That target is largely dependent on a new cloud product and various regulatory approvals that may not be ready/take place until late 2022/23.
It’s surprising that the share price didn’t fall further and now the focus on Q3 and Q4 earnings will be even more significant. It’s a pressure cooker with a lid that just doesn’t fit.
The focus group is in committee discussing the utilization of larger paint roller to apply more lipstick to the pig. Tomorrows pre-meeting meeting will be cancelled and rescheduled. An all hands mandatory meeting Monday will help align these new strategies and clarify positions. Then we will open discussions on color to use.
You don’t need an MBA to figure out if you are losing more existing customers than you are winning new customers, the end is coming. Remember ORs Top 500? They even called most existing customers “sustain accounts.” That came from Bain. SM and McKinsey have nothing better. No new customers are buying Vantage. Snowflake and Databricks are winning that war.
Was HA wearing a Mao t-shirt?
Could, perhaps, be the beginning of the end.
Has to start somewhere
Enron, The Financial Crisis - there comes a point where the light bulb goes on and then s**t happens and everyone realises what a sham it is and exits. Only so much lipstick a pig can accept.
It's going to be a bad day on the market for anyone left holding those TD shares when the music stops - ditch them now and fast.
Clearly the investors don’t see anything appealing from the work of the new Strategy guy.