I get it, if the numbers are not so good then cuts are almost certain, but I tend to think that even good numbers on the earnings report don’t necessarily mean that any of us is safe. Think that they made their mind up regardless of the results. Thoughts?
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Remember there have been big stock buybacks and they have auth to buy $12b more. This will make earnings per share look better but need to look at earnings and revenue growth. Level or slight increase in earnings per share is bad because at least 10% fewer shares outstanding.
They need to kerp cutting costs.