Although an ever slight turn around in the stock. What happens after all is said and done? A few stores will open, probably those with a harmons in them. How many more stores will close? How many more managers and employees will be let go? Can the company bounce back to at least $10 per share? Since high executive salaries truly haven't changed, or bonus' not stopped, is there a light at the end of the tunnel? Can this company survive?
Signed a former employee
3 replies (most recent on top)
Employees that were given stock options or stock awards care about the price of the stock.
Stock is not going up on fundamentals. It is a short squeeze because the Federal Reserve went in and started buying junk bonds. By the way, if BBB takes a penny of government money, they will probably never have a dividend again. It already has been suspended. Just to repeat, this weeks increase in stock price has nothing to do with the health of the company which is still in intensive care.
Not to sound rude, but there is no way the OP is a bbb poster. Not one employee at a store level, nor probably most in corporate
- Care about the price of the stock
- Understand what dictates stock price
- Stocks do not effect them.
By just word of mouth, almost all would prefer we were private so that instead of giving out dividends to the shareholders employees were actually given a yearly bonus. There is only one person who gets a bonus in a store and that’s the Store manager. All of the managers and sups that report to them and manage the store get nothing.
On top of that, Most staff are not paid for what they are worth given places like Target and Walmart pay upwards to $15 per hour for cashiers because they value them. Let’s just be clear on that.