I.C. Angles Communications Post…
Improving investor communications can drive multiple expansion. Oftentimes the impact of better IR is hard to measure, but sometimes the benefit is clear cut. The latter was the case with one of my first consulting clients, for whom I leveraged my investment buy-side experience on behalf. When I came to KLA-Tencor, one of the leaders in the semiconductor industry, the company was suffering from a lower valuation than peers, due largely to a lack of communications in general and a compelling investment story in particular. But obvious and not-so-obvious elements were present to turn things around, and move them from a laggard to a leader — not just in their investor relations program, but also with respect to their relative stock valuation. And that was exactly what we did.