Tuesday, August 14, 2018 8:26:47 PM
On reflection, Sigma and John Rice may have been better served if they had issued the shareholder letter AFTER the conference call. If that was the case, I suspect you and a few others would have been less critical of what Mr. Rice said. Frankly, the PR firm should have recognized that and issued the letter a couple hours later.
John Rice obviously did not have a script for the Q and A that followed and had to answer questions “off the cuff.” I thought he handled that well. His answers to tough questions appeared candid and were informative. The after market action on the price of the stock also seems to reflect that view.
On a side note, I thought it was interesting that the shareholder letter stated that it was prepared by John Rice while he was in transmit in Germany. Subtle message ? Maybe John was in Germany to exchange pleasantries with Kanya ? Just kidding about Kanya, but I do think it was noteworthy that John was in Germany where Sigma apparently has many interests in OEMs and other entities.
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