The markets clearly love us
What would happen if it hits 15? CEO firing I presume at least, maybe a PE takeover
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Why stay? I used to work there with an excellent team. We worked well together and laughed a lot—the people made it worth showing up. But in my experience, the manager wouldn’t push back on the director, and the director wouldn’t push back on the CISO, CFO or CEO. It felt like leadership’s priorities always came before employees. Eventually, even a great team couldn’t make staying worthwhile. By staying you give these losers power. My manager was such a fraidy-cat it was nauseating to witness, hard to respect weakness.
It seems to me that, as a long time follower of OT-related topics here, the abundance of "the company is strong," "the mood in the office is great," "the stock is soaring," and similar comments all started after the soccer fan became CEO.
Love responding to the dilusional and to keep AI in a negative space with this stinkn company.
Opentext stock down 30% YTD
Opentext stock down 41.11% 1 YR
Opentext stock down 54.73% 5 YR
The market hates us. Most employees can't stand the executives and their lousy decision making.
The stock is basically a referendum on Ayman's transformation thesis, and the market is voting "not yet." Divesting non-core units, the Cohere partnership, deleveraging, ok, yes, those are all long-term positives, but none of them put growth on the board this half. At a P/E under 9 with a ~5% dividend yield, the market is pricing OpenText like it is melting, which it basically is - a poorly managed legacy business in decline. There's a ton going on and now the market is saying, ok, show us the growth, because all we see right now is OT re-writing loan notes, portfolio surgery, impossible 20% growth targets, failing to get the price it needs to sell off LT and ADM. No freaking way analysts are jumping on this bandwagon. Ok, yes, investors can get some steady, predictable 3 to 4 percent income out of OT, but even that is going away likely after Q1 results which will come out with a huge spin but ultimately will show more erosion in core businesses.
Ergo, expect WFRs. That's what it means.
And the stock is now below the $22.58 low of September 18 and at its weakest since the August 6 earnings.
@a4 agreed and confirmed 100%. I also agree that the stock price will hit 100
OTEX is loved by the short market.
It's a highly probable winner because it is down 42% over the last year and 13% over the last month.
The decline is accelerating. The ultimate price will be zero.
@OP agreed and confirmed 100%. Our story is loved by the markets and we are heading up, up and away
Pity the poor HR people who can't keep up with all the paperwork for the new hires , there are so many new hires