Medtronic stock returns Since GM took over as CEO (April 1 2020):
MDT: -10%
DJI: +65%
S&P500: +86%
Medical Device ETF: +33%
This is a lot worse if you look at this starting Nov 2019 (when GM really took over the company)
Medtronic leaders - Geoff, Brett the toxic wall, Sean, etc etc.
Option 1: Medtronic Excom leaders - Resign or retire.
Option 2: Dear BOD - Fire all of them if they do not do one of the above.
Option 3: Fire the BOD
Where is the bottom? So many dead cat bounces.
Source: Marketbeat/YAHOO News:
CEO Geoffrey Martha sold 19,113 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $83.77, for a total transaction of $1,601,096.01. Following the sale, the chief executive officer now owns 143,348 shares of the company's stock, valued at $12,008,261.96
Why did Geoff sell when the stock is tanking. It’s not like he’s hurting for an extra $M so Is it because he knows the rest of his options will further tank so he’s cashing in now? General rule of thumb is to sell on the rise; but I wouldn’t put it pass this glorious leader to buy high and sell low; like he has done with so many of our previous acquisitions.
MDT has more SELL ratings than BUY. Which does not give me any confidence we will pull up anytime soon and we should embrace a crash landing position.
I got like 18K in individual stock with a sell trigger of 90$ sh---y stock can not crest 85$ Thanks uncle GM, bet your making bank on your trades
Oops. Joined in 2021
You folks are lucky. I was stoopid enough to actually purchase employee stock when I joined in 202.
I felt awful being part of Geoff's August 2020 wave of layoffs. Now in hindsight it is a blessing. I can't imagine the rancor in the staff still there.
When I retired I had over 11,000 vested options. What a mistake not to just take the tax bite then. I have a few years but many of them will be underwater at the expiration date given the current leadership.
I hear you on the options. Mine were underwater most of their life - and this was even before the reign of King Geoffrey. On a $20,000 option award, I pocketed about $80 after fees. If you're awarded stock options, consider asking for a $100 gift card instead and save yourself the agony of watching the value sink.
My stock options have tanked. Hopefully they will improve before I have to exercise them in early 2025.