Sam Stubbs: Simplicity Founder on Fletcher Building's shares plummeting after the announcement of their half-year financial results
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
There’s a view that the entire Fletcher Building board should go as the company's Chief Executive and Chair call it quits.
The company's half-year financial result was announced alongside the two resignations, a first-half loss of $120-million.
Shares have plummeted.
Simplicity Founder Sam Stubbs told Mike Hosking that he believes the board would struggle to tell shareholders why they should stay.
He claims the company's been a 'trainwreck' for some time now.
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