Thread regarding Pure Storage layoffs

It's about to get a whole lot worse

It's time to insist on transparency from leadership. This is a difficult time for all companies but much of this uncertainty can be managed by being transparent about what we do know, today.

Reading the latest 10K (http://d18rn0p25nwr6d.cloudfront.net/CIK-0001474432/d71429b8-bfd0-4481-b26a-32deb855c26c.pdf) is concerning and of note:

"The extent and magnitude to which the pandemic will have on our business and operating results cannot be predicted at this time. We are currently supporting increased demands with certain customers arising as a result of the pandemic, but we have also seen lower demand levels in certain international countries that are significantly impacted by the pandemic. The volatility of our business is highly dependent on the severity and duration of the pandemic and its impact on our employees, customers, partners, and contract manufacturers. Also, certain of our customers or partners may be unable to fulfill their payment obligations to us."

I'm most concerned about the debt/equity ratio (https://www.zacks.com/stock/chart/PSTG/fundamental/debt-equity-ratio-quarterly) and the impact this has on the financial health of the business and how this will impact inevitable cost cutting.

Please, give me an optimistic view.

by
| 2196 views | | 4 replies (last )
Post ID: @OP+14hULNZa

4 replies (most recent on top)

I left ... didn't want to wait for unavoidable ... and good I did - single business line company has real issues these days .

by
|
Post ID: @4wex+14hULNZa

The cost (and accessibility) of new debt to sustain operations will be the breaking point in about a month.

by
|
Post ID: @1cyu+14hULNZa

worked here myself - once the inflated pipeline and carousel revenue account tricks are exposed, things surely will kick downhill

by
|
Post ID: @1lqz+14hULNZa

I've decided to start looking although there couldn't be a worse time.

by
|
Post ID: @1gpo+14hULNZa

Post a reply

: