Jun. 22 at 12:16 PM
$AI Chart Might just have Found Support... but will the Fundamentals Recover?
Thomas Siebel returned as CEO May 8 and put
$69M of his own money in at
$11.16/share (-8.77% from Current Levels of
$10.19)
Balance sheet buys time. ~
$673M cash, basically no debt. They can fund the turnaround attempt without diluting you to death.
Brutal cost cuts done. Headcount slashed 1,075 → 700, ~
$135M annual savings. Right-sized for survival.
Siebel says it's "just sales execution" — not product, not churn. If true, that's fixable. Fix sales → fix revenue → fix RPO → fix cash. Big IF.
This isn't a value buy. It's a binary bet on one man fixing a broken sales engine before the cash runs out.
Bull = Siebel pulls off the turnaround, stock re-rates off depressed multiples.
Bear = "AI" keeps losing the AI race, and the name is the only thing AI about it.
