Author Topic: COTY - Coty Inc  (Read 21192 times)

kab60

  • Hero Member
  • *****
  • Posts: 938
Re: COTY - Coty Inc
« Reply #50 on: November 12, 2018, 07:32:28 AM »
this is very, very bad

write-offs on recent acquisitions needed to right the ship?
Writeoff seems inevitable but doesn't really change anything since it's already discounted in the share price I'd think.

But I think it's a huge positive they sack the CEO, I just don't know the new Guy.


walkie518

  • Sr. Member
  • ****
  • Posts: 426
Re: COTY - Coty Inc
« Reply #51 on: November 12, 2018, 07:48:30 AM »
this is very, very bad

write-offs on recent acquisitions needed to right the ship?
Writeoff seems inevitable but doesn't really change anything since it's already discounted in the share price I'd think.

But I think it's a huge positive they sack the CEO, I just don't know the new Guy.
I don't know if the Becht stepping aside is a good sign

the new director likely didn't want to take the helm in total and will be responsible for finding a new ceo?  or have they given up and intend to sell all the pieces?  I think we're leaning on the latter though after the P&G write-downs, I'm not sure what value there is left?

interesting that the stock is moving up today

walkie518

  • Sr. Member
  • ****
  • Posts: 426
Re: COTY - Coty Inc
« Reply #52 on: February 04, 2019, 07:23:46 AM »
any one have any thoughts here?

Bill Miller bought some for his personal acct, seemingly based on insider purchases (though what a mess...)

https://youtu.be/IZiAu2MYNA8

rogermunibond

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 775
Re: COTY - Coty Inc
« Reply #53 on: February 04, 2019, 08:18:20 AM »
https://www.ft.com/content/55c0c50e-17e6-11e9-b93e-f4351a53f1c3

Becht split from Harf and Goudet.  And apparently wanted JAB to focus more on its core holdings.

Laubies has expressed a pretty clear plan and analysis of what previous mgmt may have misstepped.

skanjete

  • Full Member
  • ***
  • Posts: 238
Re: COTY - Coty Inc
« Reply #54 on: February 04, 2019, 11:15:28 AM »
https://www.ft.com/content/55c0c50e-17e6-11e9-b93e-f4351a53f1c3

Becht split from Harf and Goudet.  And apparently wanted JAB to focus more on its core holdings.

Laubies has expressed a pretty clear plan and analysis of what previous mgmt may have misstepped.

That sounds interesting.
Where can this plan and analysis be found?
An interview or conference call? Could you post a link please?

rogermunibond

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 775
Re: COTY - Coty Inc
« Reply #55 on: February 04, 2019, 12:21:35 PM »
You can find it at the Coty IR website  ;)

CorpRaider

  • Hero Member
  • *****
  • Posts: 2161
    • The Corpraider
Re: COTY - Coty Inc
« Reply #56 on: February 05, 2019, 09:35:20 AM »
Roger, thanks for flagging that FT article.  I have cancelled my subscription and missed it.  I saw Miller and the resulting stock moves.  I am long and wrong both AVP and COTY (and my logic is/was kind of weirdly identical to his elevator pitch, but I thought Mirantando and co (the activist guys from Raleigh) would get it sorted/clean house a lot more quickly so was even earlier).  Pretty dismayed to learn the reasons why Becht left as I would 100% agree with him and if they are taking outside money and adding partners/diluting the talent to grow into a big AUM PE shop versus investing "their own money" for high returns that pretty much totally screws up my thesis on the incentives.  I'm sure it will work out well for their management fees, but I probably will look to exit Coty over the longer term because of this change.
« Last Edit: February 05, 2019, 09:39:51 AM by CorpRaider »

valueinvestor

  • Jr. Member
  • **
  • Posts: 97
Re: COTY - Coty Inc
« Reply #57 on: February 08, 2019, 04:39:00 PM »
Iím surprised the coty went up 33% - what caused this?

gfp

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1795
Re: COTY - Coty Inc
« Reply #58 on: February 12, 2019, 05:40:21 AM »