WRT… CG consumer products –
Sudden exit of CEO is generally never a good sign, but can’t be taken for granted as a bad thing. I suspect the softness in business in Q3 may continue in Q4 as well. That is being reflected in the stock price …IMO.
However, one should avoid knee jerk selling in such cases. 1-2 Qtrs of pain is par for the course in any company provided the portfolio is well diversified. ( and I think 1-2 companies always end up underperforming / taking a beating in a well diversified portfolio… its a kind of certificate of good diversification )
Will be eager to listen to management commentary post Q4 results and their assessment of on ground situation wrt consumer electricals. Had CG consumer not acquired Butterfly, they may have got even more bashing on their Mkt Cap. That acquisition may be a saviour.
These are only my thoughts. Lets wait for Q4 results.
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