Q: The CEO is given the boot. Good news or bad news?
If you were a holder of this company would you sell or hold at this point?
If you were a holder of this company would you sell or hold at this point?
5i Research Answer:
A CEO leaving 'immediately' is never a great sign. Software is getting hit across the board in the market, and this news, plus SYZ's small size, horrible history and strategy shift over the last two years are not likely to win it new investors any time soon. We would be fine exiting this.