Q: Peter and His Wonder Team
CFO just resigned and the stock is down 26%. Is this justified or are there other reasons? Thanks!
CFO just resigned and the stock is down 26%. Is this justified or are there other reasons? Thanks!
5i Research Answer:
The issue is this is not the first one; two CFOs have now resigned in seven months. Also, Q3 (the current quarter) was seen as key in demonstrating EFX is making way with its execution strategy. Also, the company is in the middle of integrating an acquisition. The stock drop reflects investor concern amid this uncertainty, and considering, probably justified.