Man. That company has some serious turnover. Good luck Mr. Sneed.
Avigilon Exec Out, New Exec Aims to Improve Communications
On the one hand, yet another Avigilon executive is out.
On the other, this may mark a change in Avigilon's communications strategy and ability to persuade investors and the public.
In this note, we share feedback from our conversation with Avigilon's new VP of Capital Markets & Communications and analyze what this signals for Avigilon and the broader market.
Out - ******** ** **
********'* ** ** ******** ********* ****** Fong ** *** (***-****** ******** ******* here [**** ** ****** *********]). ***** was ** ****** ************ *** **** and ******** ******** ** ******* ** personnel *******. **** *****, ***** ** *** at ******** *** **** **** * year *** * ****, *** **** what ** **** *****, **** *** yet ******* '***-*****' *********.
In - ******** ** ******* ******* *** **************
[**** ** ****** *********]********* ****, ** an ******** ****, ** ****** **** [link ** ****** *********], ******* ** VP ** ******* ******* *** **************. He ****** * ***** ** ******* experience ***** **** *** * ******** traded *******. ****** **** *** *** based ** *******, **** ** ***** in *********, ********'* **.
**** ***********, **** ** *** **** running IR, ** **** ** ****** **** internal *** ******** **************, ******* **** of *** *** ******** *** *** in ********* ***** ************** ********* ** ***** ********* ***** ****** ** **** ******** ******* [**** no ****** *********] ** ****** ****, *** lasted **** **** * **** *** recently ********* ** ** ******** ********* ********** *** *** *******.
Communication **********
******** *** *** * ****** ** challenges, *** **** ************* *** ********* been *** ** ****. ** ******** this ******* ******** ****: ******** "******** ***** ** **** ****** The **** *** *****" ******* *******. ******** *** ************ **** ********* to ***********, **** ** ********** *** strictly ******* ** ******* **** *********.
**** ** ********* *** ** *** the ******** ** ** ** *** the *****. ******, ** **** * role, *********** *** ********* *** ** the ***, *** *** **** ****** criticized *** *** *************** ** ********** investors *** *** ****** (*.*., ******** '************ **********' / '*************' ***).
Progress / ********
*** ******** **** ** ******* ** Avigilon's ******** ** ********'* *** ** speaking **** ****. ******* *** ***** IPVM ** ***, ** ** ***** Avigilon **** ********** *** **** **-***** than *** ***** ***********, ** ** is ** ********'* ********, ** *** to ****** ****'* *********** ** ***** to ***** / ******* ********'* *** perspective.
**** ******** **** *** *** **, we ***** *** *** **** ******** and *********** **** ******** ******** ********* interactions, ****** **** *** ********* ** communication. ** *** ******* ****** ** things, ** ** ********* * ***** step *** * ********* *** ** better ********.
*** *** **** **** **** *** have ** ********* **** ** ****** of ************** ** *****, *** **** necessary *** * ***********.
Avigilon's ** ********
*****, ********, *** ********'* ********* ** 3 ********* ** ********* *** *****, following ** **** *** ***** ************:
(*) *** **** **** **** ** Vice *********, ******* ******* & ************** differ **** *** ******** ** ** Investor *********? ** ** **** *********? If **, ***?
*: “**’** ****** * ************* ******** to ******** ********* *** ****** ********, which ******** *** ************ *** *********** of *** ******** *** ********** *** both ************** *** ******** *********,” **** Darren ****, **** *********, ******* ******* & **************. “**** ************** *** ******** relations **** ****** ** ** ** create ** ******* ******* ******* ******** and ******** ************** *** **** **** a ******* ** *** ************. ************, I ******* ***** *** ************* ** leverage *** ******* ******** ********* *** marketing ********** ** *** ******* ** the ********** *********. *** ** ******* our ********** ******** *** ******* ************* shareholder ****, ** ****** ** ****** in ********* ********, **** ** ****** media, ** ***** ** **** ****** as ********.”
(*) **** *********** ** *** *** in **** *********** **** ********* *** the ****** **** ********'* ******** ********?
*: “* ****** ***’* ***** ** the ****. **** * *** *** is **** * ***** **** ** years ** ************** *** ******* ******* and, **** ************, *** ************* **** members ** *** ********** *********. ** interaction **** ************ *** ***** ******* of *** ********** ********* ** ********* to *** ***** *** ******* *** increasing *********** *****. * **** ** increasing *** ********* ** ******** ******* consistent *** ********* ********* ******* ******** communication ********, ********** *** ************* * have ***** **** ** ***** ***, as * ****** ** ***** ******* efforts, ********** *** ************* *********.”
(*) **** ** *** ******* ** the *** ******* ** ******** ** turnaround ********* **** **** **** ********* about ********'* ****** ***** ***********?
*: “**** ** ******** ******** **** investor *********, * ******* ***** ** a ***** *********** ** ********* *** benefits ** *** ******* ******** *********, our ******* ******** ******* *** ** bridge *** *********** *** **** *** investment ********* ** *** ** ******* program. ** ** ********* *** ********* to ********** **** ***** ********* *** the ****** ** *** ******** ********, that ** **** *** ****-**-***** **********, backed ** **** ** ******* ** the ********’* ********* ***** ********* ****** portfolio, *** ** ***** ** ******** new ******** *** ******** ** ******. Change ** ********** **** **** ****. The **** ** ********** *********** **** too *** *** ********* ** ****** Avigilon **********.”
*** ******* *** ****** ***** ** responses *** (*) ** ****** * recap ** *** ******** ******** ******** pitch *** ** ***** ******** **** gives ***** ********** ** ******** **** of ***** *********** / *****.
Outlook / **** ******
** *** ******** ****, **** **** signal that ******** *********** **** **** ** better *********** **** *** ****** (******, the **** ** ******** ************* ** also * ******* ******** ******** ********* that ***** ** ****** ****).
*** *********** ********** ******* *** ****** ******** *** a **** ** *************. ***, ****** almost * **** ***** *** *********, this ***** ** ** ********* **** forwarding *** ******** ********'* ******* *** communications. ** ** *****, ******, *** it ** ** ********* *** **********, Avigilon ***** ** ** **** *********** about *** ******* ******** ** *** past (*.*., *** ********* **** **** not *********** ******** ***** ** ~* years ******* ***** ***** **** ****** internally) *** *** **** **** ** fix **** ***** *******.
**********, ****** ******* *** *** * 'good' ** * '***' ** ** communications / ******, **** **** **** succeed ** ********'* *** ****** **, which **** ** *** *********** ******* to ***** ** *** **** ******.