Q: What is your opinion on the seemingly sudden ouster/ replacement of OTEX CEO? Would you consider this a move forward or backward for the company?
5i Research Answer:
It does seem a bit abrupt but some changes are likely necessary at this stage. It will create a but of disruption and uncertainty but given the size and breadth of some of OTEX business, there is probably some value to surface with selling some non-core assets and refocusing their strategy. Whether it is a step forward or backward depends a bit on the vision that they undertake but probably a 'fair' step.