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Are you afraid of the dark?
#5

From experience I can tell you that conference cancellations are not a minor issue and are not done simply because there is nothing new to say.  Public companies present at conferences quarter after quarter and year after year through good and bad periods and even when there is not much new to say.  IOC  should be out telling what is a compelling long term story whenever they get the chance.  Westlake is particularly curious given they picked up coverage this year and the conference last week was in Houston, I believe.  This is  frankly a slap in the face to Westlake.  Companies just don't do this without a reason.  I have seen cancellations due to weather, health, and material news but never for "nothing has changed".  Institutional investors use these conferences fir 1x1 meetings and idea generation.  The recent PPS decline is more due to lack of buyers than manipulation.  Companies build credibility by delivering results AND being accessible.  If IOC cancelled because there's nothing new to say then I consider it a mistake and amateurish.  My belief is we are late innings on a deal and the conference was cancelled because material new information (within weeks) could render presentation material irrelevant.  I am very comfortable with MH not commenting publically and clamping down on leaks but attendance at institutional investor conferences is critical for public companies.  Inexcusable in my book to cancel.   Investor relations is and has been in the dark.  WA has presented in tougher circumstances  - RJ  in March 2012 when WA's message was no FID by March 31st but probably before the May elections.  Y you read that right.  So Westlake should have been a friendly environment with low expectations.  I hope the cancellation was for a good reason otherwise I would consider this a sign of poor judgement by whomever made the call.

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Messages In This Thread
Are you afraid of the dark? - by efi426hemi - 10-15-2013, 11:42 AM
RE: Are you afraid of the dark? - by jft310 - 10-15-2013, 11:45 AM
RE: Are you afraid of the dark? - by johnwgrant - 10-15-2013, 12:05 PM
RE: Are you afraid of the dark? - by kkozkkoz - 10-15-2013, 12:25 PM
RE: Are you afraid of the dark? - by SamAdams - 10-15-2013, 01:22 PM
RE: Are you afraid of the dark? - by ArtM72 - 10-15-2013, 02:00 PM
RE: Are you afraid of the dark? - by efi426hemi - 07-05-2014, 09:26 AM
RE: Are you afraid of the dark? - by jft310 - 07-05-2014, 10:51 AM
RE: Are you afraid of the dark? - by j4j - 07-05-2014, 07:08 PM
RE: Are you afraid of the dark? - by Stavros - 07-05-2014, 07:22 PM
RE: Are you afraid of the dark? - by trans - 07-06-2014, 11:55 AM
RE: Are you afraid of the dark? - by SamAdams - 07-07-2014, 01:43 PM
RE: Are you afraid of the dark? - by Putncalls - 07-07-2014, 05:45 PM
RE: Are you afraid of the dark? - by jft310 - 07-07-2014, 08:53 PM
RE: Are you afraid of the dark? - by Getitrt2 - 07-08-2014, 01:09 AM

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