Thread regarding Elevance Health (Anthem) layoffs

The stock keeps rising

I only wish that meant our chances of layoffs were dropping, but I know that couldn't be further from the truth.


by
| 16 views | | 3 replies (last 7 days ago) | Reply
Post ID: @OP+1m6mbdpcy

3 replies (most recent on top)

@cx yes it will, look at how much worse the plans are this year and even more expensive. Pure profit, going to be another record year.

by
| | Reply
Post ID: @dt+1m6mbdpcy

The boosting of the stock is a standard end of the year thing. It looks like Gail, Ramiro and Callis - two board members, purchased stock - Gail brought a million dollars worth of shares. McVesty sold shares. Purchases inflate the stock price. 2) by giving some more people unlimited PTO they wipe out accrued but not taken PTO as a liability on the books. 3) year end layoffs help reduce expenses- so expect that 4) you will see people being moved to-from Carelon and maybe to other spinoff companies to get them off the books. In summary - there will lots of year end shenanigans to up the stock price so SLT can hit their bonuses.

by
| | Reply
Post ID: @d8+1m6mbdpcy

not the first time they have adjusted guidance to boost stock - it won't last

by
| | Reply
Post ID: @cx+1m6mbdpcy

Post a reply

: