PPRuNe Forums - View Single Post - Virgin Blue Shares Crash and Nosedive
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Old 4th Aug 2004, 23:33
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Beer Can Dreaming
 
Join Date: Nov 2003
Location: Melbourne Aus
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So your share price crashes by a massive 14% eh Mr Godfrey and Huttner?
Earnings down a staggering 22% also!!!!
Just meeting your projected forecasts is simply not going to cut it this time.
Jetstar is growing and becoming more of a threat than you and your team ever envisaged in their wildest nightmares.

This would be viewed as a severe crisis by any other major company and hard and serious decisions taken to combat not only the problem, but the threat that proliferates.

No amount of finger pointing and whinging will help you this time Mr Godfrey or make this problem go away.

Anyone can ride the so called gravy train after Ansett collapsed and have almost everything handed to them on a platter, but the truth is it's times like these that show the true worth of a general manager.

The way you carry VB through the next 2 financial years will dictate not only your worth, but your effectiveness to run the company.
So far its been less than exemplary in my opinion.

And yes Airport Reserve, I agree with Timmeee that when someone likes to get in your face on the big screen and blame one and all assunder for their woes, they deserve to cop a bit of flack.
An earnings slump of 22% can be explained no other way and to have your share price plumett by 14%, well................. you go figure.
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