Is the current management really doing anything great? Couldn’t anyone come in & lay off everyone & offshore jobs? And cut everything? Saw it all coming back in 2019.
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WFC as a stock has performed horribly. Considering how the entire market has shot up over the past 5 years, for WFC to essentially be flat since Charlie took over is terrible performance. I have to think the board is growing impatient with him...
The value of the company is going down down down. Massive buybacks artificially increase demand/prices, but it won't last. Inflating / dollar tanking accounts for the rest. There's a ton of better options for investing your money.
Just the wellsfargoshishow. Expect less.
Wells
Exudes
Lousy
Leadership
Failing
All
Required
Government
Objectives
Correction
Government
Objectives
Gary Busey sums it up:
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E
Look
Lousy
Failing
All
Required
Government
Organizations
The stock is junk. You like to buy cheap, low performing junk? Better to put your $ into index. Don't waste precious compounding time on WFC.
Stock was in the mid 50s when Cs was hired in October 2019. Five years later, he collected over 100 million pay, spent over 40 billion buy backs, laid off thousands of US workers, sold off numerous business , company real estate (at loss) , WFC is still trying to get to $60. The market cap for WF as of today is $185 billion. Slightly lower than $190 B in 10/2019, but considering the 40 billion spent buybacks, so called reorganization efforts, the company actually lost $40b in equity. It’s mind boggling that this CS and his cronies are stil milking the bank!!!
remember the movie: Up in the Air. Getting laid off still would have s*cked even if George Clooney was the one delivering the news
Do you mean from the buy backs? My 401k is down.
Stock is up. Must be doing something right