This quarterly is going to be decisive as this could mean end of GF.
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Make no mistakes , GF financial results were as always cooked by Tommy boy and his team of 40 SLT crooks. The newly appointed CFO looked at these results and said no way in he-l I’m going to go to jail for you bunch of thieves and resigned before even starting his job!!!!!!
Don't believe these results without an outside audit, **Stone quit after getting access to GFS financial data.
Key Second Quarter Financial Highlights
Revenue of $1,845 million.
Gross margin of 28.8% and adjusted gross margin of 29.6%.
Operating margin of 14.9% and adjusted operating margin of 18.3%.
Net income of $237 million and adjusted net income of $297 million.
Adjusted EBITDA* of $668 million.
*Some experts consider EBITDA to be a misleading metric because it does not take into account the company's debt expenses. EBITDA measures a company's performance before factoring in how it's financed, so using this metric alone may provide a misleading view of the business
**https://www.reuters.com/technology/globalfoundries-scraps-plan-appoint-former-top-amazon-executive-cfo-2023-07-11/
Financial Depression is coming for us all (even the rich, thank you (insert your god here) for a bit of justice). Look at where we get Cobalt from and many other materials that ki-l people and is immortal. What happens when the media decides to cover that. Not even uae knows how to deal with that, watching TC would be a performance worth a limb. Just educate yourself(and the young ones) not just about gf but how this usually plays out, know your enemy.
I don't think one quarter determines everything, just a trend whether things are going up or down. Now if GF revenue and gross profit continue to trend down for 3-4 quarters, Houston we have a problem!! Should be an interesting earnings call to see how things are trending. Somehow no matter how bad the results are Tommy boy will try to spin them positive ..... onward team!!!!
Sure thing, wannabe Nostradamus…