Will the stock ever be above the October 2021 IPO of $47.00? What happened?
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We did it! Finally after half a decade back on top! All because of our leadership!
Today we saw the stock hit $48. This of course is due to the well timed and intentional acquisition of some tiny companies, the ESPP execution, and some skillfully crafted bookkeeping.
Hype, plain and simple. We’ll likely see big selling off over the next week - the market knows what hype is and many will take a short term win over what’s probably coming next.
A simple check of historical financials from GF’s own corporate site shows that nothing particularly spectacular is occurring now. Flat yoy revenue, gross margin still clinging to the mid 20s and lastly but not lastly, the absolute non existence of anyone that wants buy vast quantities of what GF is selling.
GF will trim all fat and put itself up for sale by eoy ‘28.
Enjoy this year’s bonus - the pot will be dry next year.
Usually indicates company product offerings are not competitive enough to increase EPS on market merit alone. Have to prop up that stock price somehow...
Layoffs follow after extra money no longer around to invest in company's payroll, etc.
Stock buybacks equals preamble to more layoffs?
@2am
It’s the way they act and communicate to us and each other. They are all doing a bad impression of what they think Intel or Samsung does. You can find it in other areas too - faux employee rating systems that are crude cheap imitation copies of what others do but implemented horribly incorrectly. It’s comical and probably the biggest reason why we are perpetually in a downward style. If they are reading this please please stop! It’s not working. It hasn’t work for a decade. Please try something different.
@214 this 100% - the funny thing is though this is the prevailing characteristic of F8, less so in F1 and nonexistent in F7.
Our downfall is largely a cultural issue on one continent.
What stands out most is that leadership is deeply convinced in a shared, performative management style they believe represents effective leadership, but which is largely an internally imagined model that—whether flawed in concept or execution—has clearly failed to produce meaningful results for a long time.
On its way! Sorry you were let go but had to cut some dead weight
@zy agreed. We are our own worst enemy. Most of our major issues are self inflicted. Leadership is very smug and cocky but they are the ones you habitually make poor choices
Because our leaders and mid management do not know what the he-l they are doing. They are very good at pretending they do though.
Mubadala will need to pump more oil to cover the GF losses in their investment!!
Never. The answer is never.