Wall Street DOES impact your job

Anyone who doesn't think Wall Street has an impact on your job, doesn't know wall street. Companies release financial results. If those results are below what wall street was expecting, or if there worse than expected, wall street and investors are not happy, and the stock price tumbles. Company then responds with cost cutting measures to get things under control and please wall street and investors. It's in those "cost cutting measures" that your job could be in jeopardy.

Case in point... After yesterday's disastrous financial report from Walgreens, the company responded by saying in part, that they will close some stores, as part of cost cutting measures, to get their financial house in order. If you happen to work in one of those stores slated for closure, then your job is in trouble, if they don't offer you a position in another store or elsewhere in the company. So YES wall street can definitely have an impact on your job. And the lower the stock price gets the greater the cutbacks, as a company will dump almost anything in an effort to try to stay afloat. Just look at Rite Aid... They just fired 3 of their top execs, including the CEO! And store closures for rite aid is not off the table either.

On point post from @Yn41mq8-1ehi.

Comment! It's anonymous!

9 replies (most recent on top)

Sears market capitalization is currently $82.04 Million with a stock price of 0.75 cents. Rite Aid has market capitalization of $621.73 Million with a stock price of 0.58 cents. What does that mean in terms of a companies health? Because I've always known that a company who's stock falls below a dollar usually means that the company is not doing well.

Responding to the original poster.

Walgreens will not close profitable stores. Nor will CVS. The stores that are not making money and their lease is up will close. This will happen regardless of stock price.

It's what you get when you have pharmacists running the company.

In case anyone wasn't aware how stock pricing and company valuation works: You can't compare stock prices without taking into account how many shares of a company's stock exist. Saying that Sears stock is at .70 and Rite Aid is at .55 tells you NOTHING about their relative value. What you would want to look at is the Market Capitalization. This shows the stock price * the number of shares that exist. (i.e. A company that issued 10 shares but is only worth $100 is not worth more than a company that's issued 1M shares and is worth $1M even though the share price of the first company is higher). I would encourage anyone to learn more about this--it's not as complicated as it might seem--particularly before developing and sharing opinions based on the subject matter.

Unbelieveable ....

The sky is blue so that means everyone is sad...

We are not sears or Rite Aid.... FYI

No one sane would even make the comparison.

This is for anyone who doesn’t think that Wall Street effects their job. Right now Sears stock is worth MORE than Rite Aid. And sears is in a LOT worse shape than rite aid! Sears is at 72 cents and Rite Aid 55 cents. Even with the chairman’s buyout of the company sears still has many of the same problems it had and might not survive in the end. Rite Aid “claims” to be financially healthy yet their stock is 17 cents LESS than a dying company. And sears has a lot more store closures still to come. So yeah Wall Street effects your job whether you like it or not.

More dribble from people who have no clue. I hope you and your minions are happy together.

Time to get the paper shredders out

Wall Street can also be fooled for a while by a snake oil salesman such as Merlo. But it catches up over time.

Does CVS have a competent Sarbanes Oxley audit dept? Or are we going the way of Enron? Seems we are a little on the unethical side.

Thread regarding CVS layoffs

Wall Street DOES impact your job

9 replies (most recent on top)

Post a reply