Hi readers
Months ago I put the acid on management and what it means to a company.
I compared BUB.AX and ABR.AX.
At the time BUB was around 89 cents while ABR was around the 79 cents and I clearly stated the ABR's management was far more connected and stronger than the BUB's management.
So lets look at where we are at the present time.
BUB.AX shares are at 40 cents while ABR.AX is at $2.38.
What does that tell you in regards to managements ability to adapt to a changing environment.
As a shareholder of both companies it tells me what I already knew, bubs management in incompetent.
From the CEO to the board there all in the same pot the word useless does ring a bell.
As a shareholder everything the company has done has failed and I don't blame anyone except the shareholders for allowing the Board to pass through the gifts they did to management who have become lazy and incompetent.
Shareholders deserve this share price as they chose to accept mediocrity performance.
Bubs management should be on $200 million sales targets not $30 million.
So don't be upset at the current share price as the blame falls squarely on your previous share holder meeting approval.
I don't complain unless i see an issue which I did at the last board vote but hey it is what it is, lets see what management does to fix the current issue they are facing
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