This isn't directed at Pedro, but I do agree with what SaltyDawg is saying. Public companies that I have worked with in the past often had material projects and initiatives that they launched in which the communications to their customer base was lackluster, and these are the people that were supposed to be buying the products/services, let alone how they handled communications to shareholders. And most of these companies were solid companies with stocks that exceeded standard market multiples over time.
Companies do the best they can, but there are only so many hours in a day and their top priority is going to be spent running the business and making money. That said, I do think shareholders have a right to expect transparency, I certainly do - but I think the degree of transparency expected should be reasonable.
CCME has taken steps to show us how they are using some of their COH via divi announcement and new ecommerce/magazine project, an early view of their new business line, planted the seed for tour buses, set some expectations for growth in airport bus business, announced a 2,000 bus contract, ect. They have given us plenty to go off of, and we know more news is on the way as Jacky has committed to a 2011 FY plan overview.
AI
