Why did the stock tank after earnings? Is this the Kubasik effect or the new CFO or both?
7 replies (most recent on top)
Thank God I didn't invest my retirement money in company stock. As part of the bargaining unit, we got a cash match in our 401K instead of stock. My pension comes from a prepaid annuity from a third party separate from the company.
Retired recently and thankful to completely break away from this dump of a company.
Axyv: we want 700 per share
INVESTORS: Say less, best we can give you is 250 and some credit for 2 nights in Vegas. Chum Lee also needs to get fed and we need to store the axyv somewhere. That costs alot
Axyv: sc--w you guys, I know what I got!
The IPO on the Fed invested rocket spin-off was delayed. So the market corrected because more time makes for more risk of change in priorities for the Federal government.
@bh better try instead of diversifying, get rid of all of it. Time to take a ‘dump’ ha ha
What a bunch of cr-p. These people are self serving grifters who spend countless hours trying to hustle more “bonuses” from the company.
If you still own stock in this company I strongly advise you to diversify.
"The market conditions do not reflect the value we’re building"
Translation: Not enough hype to pump the IPO
"We’ve got to do what’s right for our shareholders … "
Translation: Same as always
"and that’s to stand down, focus on the business, and wait for the market to recover"
Translation: We don't know what else to do. Markets won't be this hyped up for a long time, but whatever.