Papp John stock is double of what APA is. Any bet on when it will tank out ….mid 2025
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I agree with others, the management at APA is content to keep the ship afloat at existing stock price, totally indifferent to current stock holders. Management pulls in big compensation both in salaries and stock benefits, regardless what price the stock sits at, at the end of the year in comparison to the last year. Poor performance of the stock prices (investor's risk) does not incur risk to management. Thus, they are happy to talk about potential in 2028 and beyond, but next quarter, next year means nothing to them, other than hitting earnings, debt reduction and other metrics that impact their bonus. Yes, performance in earnings per share, ROI, debt reduction and other metrics are important, but management, like sport coaches win/loss record, should be liable for what the market indicates the value of the stock is. For instance, listening to the quarterly company conferences over the last ten years, one feels you are listening to a funeral eulogy, crying because you know the stock price is going lower that day and the next with no hope for future gains. Management may be made up of nice people; unfortunately, they are incapable of leading, as the stock price over the last decade has shown.
Maybe the market didn’t like Callon acquisition cause it’s too gassy. It’s not like Oxy acquiring CrownRock with oil rich acreage. And they couldn’t answer the “synergies” questions, the answer was we cut the rig number and G&A… duhhh the geniuses
I’m not defending APA here but papas market cap is just shy of 2 Billion, and APAs is about 8 Billion. I don’t think you understand stock valuations properly.
Better ingredients, better people
I think the 11% drop in share price today is the market realizing.
Another earnings call filled with a bunch of bullsh@t! When will the market realize that?