LEADERSHIP EXIT
BABAXBE CAREFUL
Baxter's finance chief heads for the exit
Baxter just disclosed that its interim finance chief is resigning in September to join another company — the third top money role she held. When we've seen a finance boss leave like this, we found 115 similar cases; on average the stock lagged the market by about 3% over the next three months, and it beat the market less than half the time. Orin leans bearish here.
What would change this — A fresh 8-K naming a permanent, well-regarded CFO staying put would soften our caution.
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Wall Street sits on the fence with mostly hold and neutral ratings, while Orin sees the departure as a reason to lean cautious.Full analysis →