In April 2017 the executive staff proclaimed the AVID Transformation was complete. As a result profits would come pouring in and the stock would soar (double, triple or quadruple). Even if that happens it will still be a long, long way from the $65 it once was. 5+ quarters later. No profit, the stock price has been stagnant and the corporate debt continues to go in the wrong direction. At least there has been an improvement in the atmosphere thanks to Louis and his unethical, inappropriate misconduct being shown the door. It is hard to buy in to the executive staff sales pitch that we are positioned for a major turnaround when some of them dump stock options. Here is an example:
This doesn't show strong sentiment or belief with regard to the promised turn-around. Considering the huge salary that way too many Avid "executives" make, why sell a stock destined to increase significantly in the very near future. (would seem you are not a believer). Glad Louis is gone and there have been some improvements in the atmosphere. But this type of action makes one seriously doubt that revenue and profit will come pouring in and the stock price will soar. We need profit. Our loans and debt are way too high. Probably time for more layoffs.
Originally posted on another thread as a reply ( @V9NKRfw-Njba )