holenbeer schreef op 4 juni 2021 07:38:
Post 2/2
The next issue we discussed was company culture. I explained to Vince that one of the big reasons why I like the company so much is because of their positive company culture. Vince was quick to comment that company culture is extremely important to them, and it's how they're able to get employees to take risks, try new methods, and innovate quicker and smarter. He then told me a story of how he ran into one of his employees the other day, and she was reading a book called "Good to Great" and how mainting a strong team culture is important to success. I thought you'd appreciate that little tidbit, as it's fantastic that the employees know what kind of company they're a part of, and that they're actively working with, and following management's leadership. So clearly, the employees get it, and they're taking an active role in maintaining and further developing team culture.
We finally talked about market reaction to news. Vince (as Chris just recently echoed) thought the market didn't fully understand or appreciate the AAT news/data that they presented. He did state that there would be more data presented at EASL and that may help. I did bring up the hypothetical of what I thought should happen to the stock price if proof of concept (PoC) was shown for ARO-ENaC; while it's only my opinion, I told Vince that if PoC was shown, then I don't know how this stock shouldn't move at least $20 in one day. Without missing a beat, Vince responded saying that he's also heard $15-$20 speculation from other institutional investors, but despite that, he clearly doesn't know what the real reaction will be.
That's pretty much it. This was clearly an entirely different take, as compared to what you'll see with UBS, Jefferies, or Goldman Sachs. Hope you enjoyed the write-up.