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    Gregg Abella

    Research Analyst at Investment Partners Asset Management

    Gregg Abella's questions to MIL leadership

    Gregg Abella's questions to MIL leadership • Q3 2015

    Question

    Gregg Abella from Investment Partners Asset Management asked about the company's investor relations strategy, confidence in the bank acquisition timeline, potential for a share buyback, any takeover interest, and projected returns from the new banking business.

    Answer

    VP Rene Randall and CFO Sam Morrow stated that investor relations activities were paused pending the bank acquisition closure. CEO Gerardo Cortina expressed confidence in a year-end close and confirmed a share buyback would be considered afterward. Management noted no takeover offers and highlighted support from long-term shareholders. Cortina and Morrow outlined a goal to increase gross margins to at least 10% and achieve a 15% return on equity with the new banking services.

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    Gregg Abella's questions to MIL leadership • Q2 2015

    Question

    Gregg Abella of Investment Partners Asset Management questioned the rationale for remaining a public company given the stock's low valuation and asked for clarification on Peter Kellogg's trading restriction agreement, including whether the company could help find a buyer for his shares.

    Answer

    IR Rene Randall and CFO Sam Morrow affirmed the company's commitment to remaining public, highlighting that public status is important for their relationships with Austrian banking partners. CFO Morrow clarified that Mr. Kellogg's trading restriction was part of his initial 2013 board appointment agreement, not his departure. Management added that Mr. Kellogg has historically been a buyer and they have no indication he intends to sell his stake.

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    Gregg Abella's questions to MANULIFE FINANCIAL (MFC) leadership

    Gregg Abella's questions to MANULIFE FINANCIAL (MFC) leadership • Q1 2015

    Question

    Gregg Abella of Investment Partners Asset Management inquired about the company's plans to enhance its communication with Wall Street and the frequency of future investor presentations.

    Answer

    VP Rene Randall detailed an upcoming roadshow in New York, Boston, and Chicago. She confirmed the hiring of a New York-based PR firm to establish a strategy for more regular communication with the investment community. President and CEO Gerardo Cortina added that these efforts represent just the beginning of their new investor relations strategy.

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    Gregg Abella's questions to MANULIFE FINANCIAL (MFC) leadership • Q4 2014

    Question

    Gregg Abella of IPAM questioned why the company, given its strong liquidity and low stock valuation, was not initiating a share buyback. He also asked if management intended to buy shares personally and what the plan was to improve investor relations with Wall Street.

    Answer

    CFO Sam Morrow responded that while the company is 'very liquid,' the Board decided against a buyback to prioritize allocating capital to the growing trade finance business and long-term projects like Wabush. He also noted management was in a blackout period for share purchases. President and CEO Gerardo Cortina affirmed they would be more active in telling their story and planned to be in New York within the next two months.

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