Looks like everything happening is paying off. We have new investors spending 7 million on Molina. Also hear we are close to a new CEO.
https://www.truebluetribune.com/2017/09/15/eagle-asset-management-inc-invests-7-01-million-in-molina-healthcare-inc-moh-stock.html
Which is bad news for even those left belonging to a certain church? None of these holy ones were laid off prior to now. Ask one of the CM directors which church you should belong to just in case Molina does not get bought out. Perhaps you too can keep your job.
A good note? That means the company is positioning itself to sell. Everyone left there that isn't BFF's with the CEO, CFO, C-whatever should be looking for a new job.
That's your sign that Molina is about to be acquired.
These are typical hedge fund/private investment firms that buy low and sell high. This happens all the time, and is done for their portfolio re-balancing.
Nothing to do with our layoffs/restructuring.