EVENTS:   Semiconductors: Bubble Burst or Bear Market Trap? - David Scott/CHA-AM Advisors - 17 Sep 26     ROADSHOWS: US, European and Asian Equity Short Ideas - Robert Prather /Vision Research   •     15 Sep - 08 Oct 26      
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Incoming CEO Thomas Gentile appears to be a downgrade to the already under-performing CEO seat at HXL with (147%) career alpha destruction compared to Nick Stanage's (77%). While Gentile brings less "Level 2 & 3" F.L.A.G. Risks than Stanage; his 14 is still considered to be high across all the executives on Paragon’s ManagementTrack platform. Investors should not expect more consistency in trusting guidance from Gentile - he was classified as an “Inconsistent Forecaster” during his tenure as CEO at Spirit AeroSystems. Furthermore, he does not possess a track record as a C-Suite executive of increasing revenue or margins - at SPR revenue declined (26%) and Adj. EBITDA margins declined by (1,470 bps). He left the firm after production problems resulted in the shares declining more than (40%).

Edition 184 - 19 Apr 24