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Mark AllesI met Mark Alles when he first joined the company many years ago. I have always liked Mark and he has always been honest and upfront whenever I asked him a question. I think he speaks really well despite the nervousness Doolen pointed out at JPM. I think he can be a terrific CEO for Celgene!! I suggest that this entire mess may not be all Mark's fault! My gut tells me that Hugin was the real culprit in the Oct fisco by lowering 2020 guidance and for the Otelza big miss. Hugin's statement on the 3rd Qtr CC still rings in my ear-'There is nothing wrong at Celgene". Really Bob-you just lost 1/3 of your market cap in a few weeks! While Hugin did a great job growing Celgene to the international giant it is today-he has never been a friend to investors. The leak for the Impact purchase was bad but the Juno leak was horrible! Once again I don't think this is Alles fault as many others outside of Celgene can have been the leaker (again as Doolen noted) ! He does, however need to be sure this doesn't ever happen again. It just looks real bad! He took over the company at the most critical time in the companies history when the second best selling drug in the history of medicine faces a huge patent hill. It's now all on Mark to put Celgene's huge cash flow to work to replace many billions of revenue dollars. He will face fierce competition from other big pharma and bios especially with repatriation. While Jackson, Sol and Hugin had their challenges-none were as monumental as the ones facing Mark Alles right now! I will be sending him a personal letter of encouragement from this long time investor as he may be getting an undeserved bad rap. Mind you, I've been wrong many times-just ask my wife! Here's hoping that Mark can summon the Marine in him and get the job done despite the tough weather and incoming from the shorts! |
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Msg # | Subject | Author | Recs | Date Posted |
215624 | Re: Mark Alles | teflon2000 | 16 | 1/18/2018 7:52:56 PM |
215636 | Re: Mark Alles | bycue22 | 0 | 1/19/2018 9:57:51 AM |