These clouds cannot even pick a day for the Q1 results. First was April 30 then it was May 14 and now it’s May 7. What is wrong with them? Is it impossible for the new ready?
6 replies (most recent on top)
@dy I don't think there is any amount of layoffs they could pull off that would make the situation any better or bring the stock back up significantly. This company is 26 billion in debt, but that's not the worst part because other cable companies have way more debt. Optimum is also leveraged over 7x. This is a ticking time bo-b that is maybe just months or a year from going off. It would take a miracle at this point to save this company. A few million in some last minute layoffs is pennies in the bucket.
Insiders are all selling the stock. No buys. Read the room. Company is going after creditors as a last effort before declaring bankruptcy and probably getting chopped up.
Absolutely! Can as many people as possible (if there are any left) and sell some of the dumpy trucks off in the lot. Put as much lipstick on the pig 🐖 as you can! That will make this junk stock surge!!!
Just run by a bunch of amateur mo--ns. No one in the ELT should be higher than Director. They all act like children and have no real conviction or leadership
I suspect they’re trying to get as many layoffs in as possible before the Q1 results. Then they can say “oh look at us we reduced the operational cost so much, that Q2 will be amazing”. Then they can get a modest bump in stock price and then insider sell like Micheal Olsen.
They’re using this new thing called AI to figure out how they spin this poor excuse of leadership and results.
@OP that’s because they try to figure out how to spin the results to look positive