You are on point! Some investors fall in love with CEO’s, and ignore results. To believe Armen, or Maxine, or Sandy (example names), are wonderful geniuses, while their results are pathetic, is a bad way to invest.
When a company fails to meet self imposed timelines and stated goals, and their pps falls 50%, 60%, 70%, 80%, 90%, 95%, I’m certainly not promoting my love for the CEO.
Always check for water before diving in head first.............