Friday, May 10, 2019 9:35:26 AM
However, when a business is failing at operations, i.e. no revenue growth, CEO's try to get creative with "YOUR" money...as in statements like this:
"For example, what we’re essentially trying to do is if we have an asset that we could sell for $10 that’s yielding us $2 and go buy something else for $7, that’s yielding us $4. That’s what we’re trying to do, is arbitrage the value of our footprint right now. And then again, consolidate and focus on some markets that we think have significant upside, and again, California, we believe being the fifth largest economy in the world is one of those environments for us to focus on throughout the year"
Yea...good luck with that...
Link to call transcript:
http://archive.fast-edgar.com//20190510/APZZK22CZ22FKJP2222N2ZZ2Q9OAZZ27QTB2/
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