Twitter Inc TWTR's stock is not reacting very well to Jack Dorsey's first day as the interim-CEO of the company, down almost 2 percent. Eric Jackson, Ironfire Capital, was on CNBC recently to discuss who is best suited to replace Dorsey as the permanent CEO of Twitter and his outlook for the stock.
Adam Bain: Most Suited For The Job
"The likeliest pick is Adam Bain," Jackson said. "He is the head of sales now, he has been there 5 years. He and his organization have performed really well over those 5 years. And, I think, he is going to have the support of the boards. I think, he is going to have the support of the employees. So, I think, he is the most likely pick and, I think, he will do a great job."
Can't Count Jack Dorsey Out
On whether people are underestimating Jack Dorsey and his chances of being named as the permanent CEO of Twitter, Jackson said, "I think, you can't count him out because I mean, I think, how these cofounders decide to go or to vote, I think, is going to carry a big weight on the Board and on the search committee."
A Q4 Play
Jackson was asked if he owns any Twitter shares. He replied, "I don't. I like the stock as sort of a second-half play, but I like it more as a Q4 play rather than a Q3 play. I think, there's still going to be a lot of churn over these next few months as they make their CEO selection. But, I do expect the company to really start to perform towards the end of the year."
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