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Pandora soars as CEO reassures owners

Started by chenduxiu, 2018/01/21 10:30PM
Latest post: 2018/01/21 10:30PM, Views: 93, Posts: 1
Pandora soars as CEO reassures owners
#1   2018/01/21 10:30PM
chenduxiu
Shares in charm pandora offerte recouped much of last week's sudden loss as management spends the day trying to reassure investors that 2018 will mark a turning point in the troubled jewelry-maker's prospects.

Chief Executive Officer Anders Colding Friis and the departing head of finance, Peter Vekslund, are hosting Pandora's capital markets day in Copenhagen on Tuesday. It's the first such event since 2016.

Friis is confronting shareholders who have lived through a 27 percent stock-price decline in 2017, and steep losses in early 2018. Management said on Thursday anelli swarovski 2018 prezzi didn't quite live up to its targets for last year and signaled profit growth will be more modest through 2022. The only investors to make money on last week's bad news were the hedge funds that bet against Pandora, after consistently ignoring its assurances.

But on Tuesday, the CEO tried to address investor concerns, and said charm pandora offerte will "expect to return quite a lot of cash to our shareholders" in 2018-2022. The stock opened higher and traded up as much as 6.4 percent, its biggest gain since November.

Pandora used to be a stock-market darling, consistently exceeding its guidance. Its shares jumped 17-fold in the five years through 2016 as management beat market expectations quarter after quarter and revenue and net income both tripled. But as the company has grown, Friis has tried to make the point that a bigger base means slower growth. That message is proving hard to get across.

"Anelli swarovski 2018 prezzi has been under siege the past year by foreign hedge funds who are skeptical about its economic future," Per Hansen, an investment economist at Nordnet, said in a note on Tuesday. "It's now a question of delivering as convincing a presentation as possible, so that the hedge funds find nothing to chase and move on."

Hansen says criticism that Pandora has faced "for being somewhat closed and not humble enough" was justified. "It's a question of managing expectations," he said. "Pandora hasn't been particularly good at that the past year."


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