There's going to be no layoffs. This is just a play off the book to boost stock price before earnings. Stock may reach 40+ by month end.buy now
8 replies (most recent on top)
Stock will not reach 40 in 2024, insiders said it could be headed 17-24
1d ago by Youdontknowwhatyoudontknow
I told you so....
Leaks are always justified and leakers should be celebrated. There is no such thing as classified or confidential information. Release it all to the public.
sorry for the long excerpt but i found it interesting and simple
"Once upon a time America had a capitalist economy. Bank deposits were used for loans that expanded productive ability. America produced its own goods and grew its own food. America’s currency was backed by gold and inflation was nonexistent. New technology brought into play by new investment improved the productivity of labor, and living standards rose. Profits were plowed back into improved methods and expanded production.
Governments subsidized social infrastructure and education. This lowered the cost of transportation and, thereby, the cost of production and prices, and it provided industry and manufacturing with an educated work force. As an instate resident, my annual tuition at Georgia Tech came to about $450.
This highly successful way of running an economy was replaced by an entirely different economy, the one we have today.
In the current economy bank loans are not made to finance new investment in new plant and equipment. They are made in order to finance the purchase of existing assets. Loans are made to purchase existing companies, load them up with debt, and sell off their assets. Loans are made to finance a buyback of a company’s own stock, thus raising the stock price and resulting in executive and board “performance” bonuses. Loans are made to finance real estate purchases and thereby drive up the values of real estate, thus raising the cost of housing.
The new economy is financialized. It lives off of interest on debt and fees, the plunder of public assets via privatization, and exploitation of third world economies via dollar-based bank loans that can only be repaid by the indebted country selling its public assets to its American creditors, usually at rock bottom prices.
The new American economy rests on the indebtedness, not the prosperity, of the American population and on the financial coercion of dollar-indebted foreign governments who pay their debts with their country’s assets.
The Federal Reserve destroyed family farms and monopolized food production in agri-business, monopolized the financial system in the hands of the five largest banks, and destroyed the value of the US dollar."
@bms nothing justifies the actions of a leaker.
So the thing is
No matter how much one tries to vilify our executive team, their processes, methods, and decisions, we should keep one thing in mind. It’s of no concern to them that the company is losing great people, losing essential experience, never to be replaced. It’s if no concern to them that the company is being pushed off of a cliff. The executive suite goes from one company to the next, propping up shareholder value and practicing fiduciary responsibility. That’s all they get paid to do. If some highly proprietary information, or national security information becomes compromised, to bad, so sad. They really don’t care what you think of them, in fact many postings make it to the country club and become comedic fodder on the 19th hole over cocktails. As so far as customers are concerned, let’s sell them this, and give them that. Cheers
Wow the stock went up 50 cents.
Great call!
Stock will not reach 40 in 2024, insiders said it could be headed 17-24
You are an id--t.