I guess it all depends on what filter you are looking through. The drop off of sales was a leftover from SKS. It has nothing to do with Solms. If changing almost the entire sales force, management team, product line up, marketing program and most management is nothing than I agree. Looking at the totality of the effort required to address the major problems left to him by prior management I think he has done incredibly.
I always say that If I criticize someone I should come up with the alternative ways that I would do things. With SKS I often posted how poorly SKS was managing the company and posted many things I would do differently. I thought sales was non existent, thought that the same man could not run the entire sales force and participate full time in the TCG, thought the board let the CEO do whatever the f.. he wanted to do, gave jobs to his family, wasted money on projects that would never come to fruition and more. So far all of these have been addressed in the short time that Solms has been in office. I really don't have anything that I can point to that I would do differently.
Whether he succeeds or not is something that I cannot predict but as far as I am concerned I have a leader doing everything right. I have been buying more shares. This is a new CEO with a compelling product on it's face running a company in a manner that I approve of. I used to ask myself, if Wave was just introduced to me today would I buy more shares. The answer for a long time was no. I now am buying more shares. A few more quarters under this leadership will tell if I have made another mistake or a great move. I expect us to be over a buck within by the end of June and slightly more before San Jose. Percentage wise that is a nice run up. Good luck.
