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Tuesday, May 28, 2019 9:32:19 PM
I;m not sure I blame Sam for changing course. I'm not convinced that there the chef to chef market is big enough to permit continued expansion. There has to be small players to acquire and what if they don't exist? Now if Sam and the rest of his management team weren't being complete DB's, maybe they would have explained that to the shareholders. Then again,. maybe they wouldn't want to panic them. Better to let them die a slow death due to incompetence in selling B2C.
Then again, maybe it's not incompetence, and maybe the course change was designed to hold down earnings for a few years. Chalk me up as a believer in this theory. I believe this is incompetence, arrogance, and utterly childish behavior by design. Sam's not stupid, not by anyone's definition. I also don't believe in coincidence. The larger shareholders silence speaks volumes. Something is up. Someone is going to make money when all is said and done. And I'm not convinced this isn't a zero sum game. There will be winners and losers. If you aren't setting the rules, you will be a loser.
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