Q: PPR recently sent out a proxy vote. Upon signing into the website, I changed the “Appointee” to me. It stated: You or your designate must attend the meeting for your vote to be counted.” This is the first time I’ve seen such a requirement. I disagree with the statement. Last year with Covid a lot of companies wanted their shareholders to stay away from meetings, yet their votes counted. Now PPR is withholding a shareholders vote, due to mandatory attendance. Would they have a company bylaw to allow this and Is it setting a precedence?
Q: stock has been acting poorly, even making new low today when other,similar cos are well off lows in the same industry. Debt/cf well under 2. Please comment. Thanks
Q: May I have your current opinion on PPR, other than sector issues.