Friday, February 19, 2010

When CEO Exits : A look at MSFT, BHP & JB HiFi




2 has been. 1 is to come.

Microsoft Bill Gates exited, stepped down as CEO of Microsoft on January 2000. What an ideal exit. Started at the bottom, exited at the top. Commencing the New Millenium on a philantropic foot.

BHP's Chip Goodyear. CEO of BHP from 2003 to September 2007. BHP listed on NYSE was about $10 when Chip started as CEO. The stock price went thru 7 fold increase when he exited when stock prices was about $70+. Dream Run.

JB HIFI's Richard Uechtitz did no worse if not better. JB HiFi's share was about $2 in 2003. Now at the time of announcement of stepping down as CEO, shares is trading at about $20-$22. A Ten fold increase in stock price from start to stepping down. Fantastic Run !!

However, 2 has been. We know now what happen to the shares after that everything else being equal.1 is yet to come.........JB HIFi has completed a 5 wave. A Retracement is yet to come.....the great sale ahead ??

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