Do a quick Web search and see how the Exec's have been selling their stock
all of FY23 and have not made any stock purchases. This may suggest that leadership is less than optimistic about the company's future performance.
My guess is cutting your way to prosperity does not really work out in the
long run.
7 replies (most recent on top)
@dpz+1q7ECIzp Rumpled... I got a HUGE bumps in pay in 2021 to go to a CPG company. ~23% increase. cheaper insurance and more matching in 401K. Every year I've received ~4% or higher raises. It was common to get a 1-2 at HPE every year. I also get a big discount on the products we sell, which I've consumed my entire life.
The fact that share price has been oscillating between $15 to $18 since the company's split (not including covid years of course), that should really tell you what investors are more worried about: dividends and buybacks. HPE's executive are no different. It is indeed an indicator of indifference and failed confidence.
They don't care about the company strategy, if there even is one.
The stock doesn't move. It fluctuates a few bucks up and down. The only thing decent are the dividends, but they aren't high enough to warrant holding stock. Your best bet is using the ESPP and getting a free 5% then dumping.
I don't think I've ever seen Insiders buying HPE stock. Why would they, just look at the chart for the last 4-5 years it just bounces between 14-17 and there is nothing in the que to make it go any higher. On the other hand look at Dell or Oracle to see where you should put your money.
For financial reasons I couldn't cash mine in until 2024 and you can bet come Jan 1st it's going. I was hoping that they would be bought out or something to get a small uptick in price but that doesn't seem be going to happen anytime soon.
Greenscumlake, AI, HPC, “record year” earnings sounds like scam to the public.
If they aren't selling, they should be! It's the same story in tech everywhere, once public the company needs to be a steady earnings machine in perpetuity. Unless a company can continuously innovate (and HPE would rather buy than develop in-house) or increase profits from services (how's Greenlake going?) the street will demand ever-increasing profitability which ultimately translates to reductions in cost, physical inventory, human resources, and product quality. HPE has cut continuously over a decade, cancelled it's Quantum computing program, bought and gutted tons of thriving tech companies yet it always somehow seems like they just won't die and it could go on forever. In reality though HPE is like Joey Chestnutt at a free buffet, eating just for sport and leaving nothing behind except a giant food-baby for the janitor to take care of before they lay him off next month... you know, after the holidays and such, they can't be perceived as savages after all.
Yeah, there is no leadership so the insiders are selling. All of the engineers with knowledge are leaving and getting huge raises. All that remains is the husk of a few senior engineers with a ton of newbies.
I left and finally found a great employer who just gave me a nice raise. That’s something that I never received at HPE.