I think the worst is past.
4 replies (most recent on top)
Hard to believe anyone thinks layoffs and cut backs at Molina are a temporary situation. Or that we are lucky survivors. I’m worried I am sticking around for severance that I won’t get. I have seen good people and not so good people let go. The only reasonable take on what is happening, is that Molina is sunsetting . It doesn’t appear, to me, that Molina has made efforts to turn itself around. It continues to reduce administrate costs via outsourcing large business units, reducing work force, paying out less severance and selling portions of its business, in order to appear profitable. Molina inflated its stock value with a $65 million stock buy back. There isn’t a storm to be weathered at Molina. It is just a long, slow burn until all the remaining members are sold. How anyone thinks the worst is over is mind boggling.
Its working. Stocks look unbelievable. If... you are fooled think about the outside world looking in. I want Molina. SOLD. Just like he did a portion of Molina right under our noses. Keep watching.
Sounds like you are enjoying the summertime flavors of Kool-Aid being served up. You should have already abandon ship- and swam across the LB channel and got up on the Queen Mary- until it sinks from all their financial disasters. You could just swim on to the carnival cruise line though and sip a few margaritas instead of drinking the Kool- Aid....there are more storms on the way. Enjoy the fruit punch!!
Here come the “stop drinking the kool aid comments” or “hurry abandon ship”.......waiting.