Network News: 2014 Oct-Nov GW Market Watch

The general malaise of the summer and early fall has given way to some real activity, and it doesn't look very promising. GW stock has been on a increasingly bearish trajectory since last time we reported.

Before we look at the last 30+ days stock price, lets see where GW stands since the "Great January Crash" of 2014.

As you can see GW is now below their crash point by little over 2%. Now, retail based stocks are down globally as many financial analysts had predicted a slower than expected Holiday season, though at least for the United States  we are expected a good retail numbers.

To help put in greater context, let us look at the GW stock price over the last 30+ days.

As you can see in just the last month GW stock is down over 9%, with a 2% drop in the last few days alone. This is probably in anticipation for the Holidays, and it isn't uncommon for investors to move their money to safer bets against the volatility of global Christmas consumers.

Still, what could cause the steeper drop that has happened over the last couple days?

Well you guest it, we have a new CEO!!

The Board of Games Workshop is pleased to announce the appointment of Kevin Rountree as Chief Executive Officer with effect from 1 January 2015.

Tom Kirby, Chairman and Acting Chief Executive Officer, will take up the position of Non-Executive Chairman with effect from that date.

Kevin, 45, joined Games Workshop in 1998. He is currently Chief Operating Officer of the Company.

Commenting on the appointment, Tom Kirby said: “The Board undertook a thorough process in selecting our new CEO, receiving a significant number of applications for the position, both internal and external. Kevin was the outstanding candidate.

The board congratulates Kevin on his appointment and wishes him every success in his new role.”

Kevin Rountree we really should have saw coming. Kevin is a long time GW suit and for another shocker has an accounting background! Looking back, it becomes obvious Kevin was the choice all along to head up GW, and here is a link if you want some background.

http://investing.businessweek.com/research/stocks/people/person.asp?personId=49816461&ticker=GAW:LN

The slight dip, I imagine can be attributed to some investors not sure on the direction of GW, but this would have happened even if they selected a cybernetic orangutang to head the company. The point being, is the invisible hand of Tom Kirby is still very much present, and until he retires we always expect to him call the shots. In the meantime, expect more sad news, until January where we may get more fireworks depending on what happens with dividends.

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