What's the deal with Infomedia?
Infomedia (IFM) has been going through a difficult period recently. At the time of releasing its full year results in August, it also announced the resignation of CEO Andrew Pattinson, effective immediately, and the retirement of long-serving NED Myer Herszberg. The company found itself in the awkward position of having a somewhat disappointing set of numbers to present, and no CEO to present them. Unsurprisingly, the market took this badly, and IFM shares quickly traded down. After that initial reaction, things stabilised briefly while the board outlined its process for selecting a replacement CEO, but then things started to get worse. The uncertainty has not gone down well with investors, and IFM shares have fallen further in the wake of these developments. In light of all this, there are two questions worth considering for investors in IFM: 1) Do I want to be an owner of IFM at all given the uncertainty?; and 2) If so, how should I think about the choice put before shareholders at this year’s AGM? CLICK TO READ THE FULL ARTICLE (VIEW LINK)
Roger Montgomery founded Montgomery Investment Management, www.montinvest.com in 2010. Roger brings more than two decades of investment, financial market experience and knowledge. Roger also authored the best-selling investment book, Value.able.