2 Avigilon Finance Directors Out, In Addition to CFO

Author: John Honovich, Published on May 13, 2014

Avigilon's stock has dropped more than 25% despite earnings meeting analyst estimates in the 3 days after Avigilon announced their CFO's exit.

Moreover, two Avigilon Finance Directors, in addition to the CFO, have also exited the company in the previous month.

In this note, we review these exits and the concerns that investors are raising about this.

********'* ***** *** ******* **** **** **% ******* ******** ******* analyst ********* ** *** * **** ***** ******** ********* ***** ***'* ****.

********, *** ******** ******* *********, ** ******** ** *** ***, have **** ****** *** ******* ** *** ******** *****.

** **** ****, ** ****** ***** ***** *** *** ******** that ********* *** ******* ***** ****.

[***************]

2 ********* ***

*** *** ********* ********* *** *** ******** ** ********* ******** *** ******** *** ****** *** ******** ** ******* ****** *****, **** ****** ***** ***** ** ******** *****, ************, ** months *** ** ****** ** *** *******.

CFO "******" *********** **********

********, **** *** *** ********* *** *** '******' ***********, ********* to ******** ** **** ************ **** *** ******* ******.

***?

  • *****'* **** ** *********** *********** *** *** ***'* ****, *** in *** ************, *** *** ********'* **** *** *** *** ** *********, ******* ******* ********* ***** ******.
  • *** **** ***** **** *** **** ** *** "** ********** **** * ******** ****** *****." *** '** ********** ****' ****** ** not ***** (*** *** ****** ***** *** ***** ** *** exit ******?) *** ***** ** **** ** * *** *******.
  • ** *** *** ****** ** **** ** *** ******** ****** to ****** ***, **** ** ** *** * ****** *****, they ***** **** ****** *** *** ** ***** / **********.
  • ** *** ****** ***** *** ****** **** *** ** ***** an ********* ****, ** ***** ** ******** *** *** *** ** make a ******** / ***** ********* ** *** ********'* **** ** TV ********* (**** ** "** **** **** **** ****** ****, etc.") **** ** **** ** **** ********'* **** ******. *******, none *** ********.
  • ********, ** *** *** *** ******* ** **** *****, *** company ***** ** ******* ** ******* * ********* **** *** (like "********'* * ***** ******* *** * **** **** ***** to **** ****"). ******* ** ********* ***** ****, *** *** did **** **** ** ****** *** ******** *******.
  • ********** *** *** **** *** *** ****** *** ******** **** have **** **** ******** ** *** **** *** ******* ** the ********* ****** ******.

Investor ********

***** *** ****** ** *** *** ****, *** **** ** supporting ******** *** *** *********** *** *** * ******** ********* directors *** ****** ****** *** **** ****, **** *** ****** significant ******** ********.

*** *** ****** ******* ********'* ***** ***** ***** *** ** the **** *** ***** *** **** ***** *** ****** ****** rate **** *** ********.

*** ******* ** **** *** ***** ********* ******** ********’* ********* numbers, ** ***** ** **** *********. *** * ******** ****** financial ******** ***** ** * ***** ******* **** **** ****** not **** ******, ******* **** ***** ***** ************* ** ** there **** ******* **** *** ********** ********? ** ** *** latter **** **** ******* ** ** ******** **** ********’* ***** price.

******

**********, ******** *** ******* ********, ** ***** ** ****************************. *** *********, *** *********, ** ******* *** ******** / business ******** *** ******* ****** ****** **** ********* **** **** expecting *** ******** *** **** *********.

*******, **** *** ******** ******, ***** ***** *** *** ********* stock **** *** * **** ******. *** ** *** *** factors **** *** ************ ********’* ****** ** ***** ******* ** ***** capital *** *********, **** ** ********* *** ****** ** ******, ********* ***$*** ******* ************ ** ****. ***, ***** ****** ********* *** ****** ** ~$29, *** **** **%. ****, ****** ******** ***** ******* *** underwater. ******* * ***** ********** ****, ****** **** ** ****** for *** *******.

******** *** *** ********** ******** ** ***** ***. **** **** be *** ******* ***** **, ** ********’* *** **********, **** their ******* ******** ***** *** *** ***** *** *******’* ***** to ******* ** ***** *****?

 

Comments (8)

**** ***** *** **** ********* ***** ****** *** ***** **** their ****** ****** ** **** ******* *** * ****** *** man ** ** ***** ********* '***** *** *******'.

*** ******* **** ******* ***** *** ******, *** ***, ** others***** ***** ** *** ***** **** *****, ******* ** ** know **** ***CFO ** ****** **** to death then he might be honest enough to not lie much after all. And this is the way a 'dead cat bounces' back for his tenth life.

***** ** ** **** **** *** ** **** ***** **** entire ******, ** ** **** ** **** * ***** ** start. * **** ** **** ** *** *** *** ****. buy *** ***. *** ***** ** *******. **** *** ** interested ** ** ****** *** ***** ** **** *** *** product. ** ****** * ****** ******** ** ** **** * hear **.

** ** **** ******** *******, *** ******* ** ****-****** *** the ***-****** ********. ******** ** *** ** ***** **** *** buyer ******* **** ***'* **** ** *********** ** *******. **** talk ** ****. *********** ***** *********** *** ************, ********* ************* process, *** ********, * ******* ** *********.

**** **** ******* ******* * ********** *****.

** *** **** **** ****** *** * ***** *** **** heard *** *** ******...** ** ** *** **** ** ** true, ** ******** **.

"...*** ********, * ******* ** *********."

******* ***** **** *** ****. ******** ***** *** * *** and **** ** *** ****** ****** * ***** **** ***** product ** * *** ******** ***** ****** ********. **** * requested **** ******* ** **** * ****** *** *** *-************ camera *****-***, **** ******** ******* **** ***'* *********** ** *****-****...********* along *** ***** ** **'* *** **** ** ***** ***********...****, blah, ****. ****** **** ** *** ******* ****. *** *** arrogant *** **. ** ********, "** *** ***'* *********** ** the *****-***, *** ***'* ** ******** ** *** ****. ** invited ** ***." **** ****** **** **** ****...*** ** *** I. *** **** * ***** ** **, **'* **** * few ***** ***** ****'** ****** ** **. ***** ***** ***** people *** ****, ** ***** **** **** ***** *** ***** engineering ***** *** **** **** ***** *******. ****** ***, '***'* call **, ********. *'** **** ***."

*** *** **** ** *** ******. **** ***** ** ********

*** [********] ** ***.

*** ***** ****** ** ***** ***** ***** *** **** ***** to *** **** ** ******* *** ***** ****** *** ***** due ** **** ***** * ****** **********

*** ***** *** ****** *** ****** ****........ **** ** *** beneath *** ** "***** **"

** ******* *** ** **... ****!!!!!....... ****** ** **** ** a ***** *** ** *** ******* ** *** *** ********* 300+ *********** * **** **** * ************* *** ******* ** ** * ***** ** **** *****.

** *** ******** **** ******* **** ***** ***** ******* *** take *** ***** **** *** *** ******* ***** *** ** a **** ***** ******..... ***** **** **** *'* ** ** for *** **** **** ******** ***.

*** *** *** ****.............................

**** *** **** *** **** ******* ** *** ****** *** have **** ******** ******** *** **** *** *******.........

** ****** **** ** **** *** *** *** ******* *** the ****** **** ** **** ******** ** *** *** ***** over *** ***** ****** *** ******** ********

** *** *** **** *** **** *** * *********** ** this *******..........

* ****** **** ***** ***** *** *** ******** *** ***** and **** **** **** *** ***

** *** *** **** *** *** ******** ***** ******* **** look **** ***** ***** ***....

***** ** **** ***** ****..... **** **** **** *********.....

**** ***** **** *******.

** *** *** **** *** *** ******** ***** ******* **** look **** ***** ***** ***....

*** **** ***** ********* *** *********** ** *******/********** ** **** 'look **** **** *****', *** * *****... *** ** **** a **** *****?

***** ******* ***** **** ******* **** ******** ****?

* ** *** ***** ****'* *******. ********* *** *** *** CFO ***** **** *** ******** ******* *** * *** *** from *** *******.

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