Congratulations to all the workers who made this happen and still employed at GF.
https://www.barrons.com/articles/globalfoundries-earnings-stock-price-28554c72
10 replies (most recent on top)
Odd such a rosy picture but Tim Stone, didn't last 3 months. 🤔
"Stone, the former Amazon executive who had a short stint as CFO at the Ford Motor Co., was expected to transition to the new post "in the coming months" after his appointment was announced in May."
https://www.timesunion.com/business/article/globalfoundries-abruptly-announces-new-cfo-take-18196813.php#:~:text=MALTA%20%E2%80%93%20GlobalFoundries%20announced%20that%20its,company%20in%20a%20short%20statement.
Then the CFO with a very different message on gfcurrent.
I am honestly surprised it has dropped below the ipo initial offering.
I get it, if you work there then you need to have faith and believe what SLT is slinging. Whatever makes badging into that place tolerable, do it.
GF liquidated assets by selling the Fab and laying off a good chunk of its employees. Oct 2021= $48.74 per share..
Today = $54.20.. wow. A whopping $5.46 a share growth in 2 full years! Keep up the great work team.
Cry more. Work here? Then quit if youre so unhappy. Don't work here? You were let go for a reason.
Yeah, all the numbers are down actualyl. Guessing the $0.55 per share earnings came on the backs of those laid off and the sale of one of only three US fabs. Not impressed.
Year over Year 3Q 2023 GF earnings. Net revenue -11%, Gross profit -13%, Net Income -26%. I must have missed any good news in the earnings call, but the short little man tried his best to turn a bag of sh-t into a bag of gold like he always does!!! With more and more of the market moving beyond 12nm GF will be playing in a smaller market each year and their revenues will continue to drop. Unless they come up with a new playbook the future looks horrible for GF as a company!!!
Seethe. Need a tissue?
Cool story.....
"On a year-over-year basis, GlobalFoundries earnings declined 18% while sales dropped 11%"