With the tear that Talbot’s stock price has been on, I think that it is safe to say that investors like what they heard from CEO Trudy Sullivan yesterday. Still that $50 million credit facility that it secured from Japanese retailer Aeon(also TLB’s largest shareholder) is a relatively small step in what will be a big turnaround project.
Sullivan’s confidence and seemingly frank speaking manner does lend extra credibility to her strategy but there are plenty who say her actions may be too little, too late. (Incidentally, I heard from one investor that he attended the conference not for the data and analysis but rather because he wanted to see the body-language and tone of the executives themselves.
Apparently he finds that far more revealing about the true health of a company. I thought this was interesting because I agree that you can tell a lot about an executive by how he/she interacts with the press.
Note to CEOs: speaking in strict talking points doesn’t convince us that everything is fine. In fact, it makes us more skeptical.