FLOW - GEA Group - A Credible Self-Improvement Plan But No Better Than Expected
“So lie to me, but do it with sincerity” Depeche Mode, Lie To Me
Guidance is a funny thing. Nobody wants to be lied to (or at least nobody will say they want to be lied to), but given the short attention spans and short-term focus of most institutional investors, investors often seem to prefer unrealistically high targets from management teams that boost the shares in the short term, with long-term consequences be damned. To that end, GEA Group’s (OTCPK:GEAGY) (G1AG.XE) restructuring plans announced in late September had credible, sober, attainable near-to-medium-term