So if the stock keeps up this nose dive it will close below $100 by the end of the week. Just how low do you think it will go before they start punting the current upper management out of their cushy offices and take the keys to the private jets? And just how low will the stock go before it settles down and starts to level out and possibly increase?
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FYI the private jets don’t have keys, they do have great coffee though.
The market was way overvalued due to irrational exuberance brought on by the gift given to them by our current government in 2017. What a waste and we the people are left to pay.
Not a theory it’s based on the facts that the PSR/ Unified 2020 plan they’ve been implementing is starting to show signs of falling apart. Toss in the fact that there is a epidemic going on that’s got the possibility of crippling the company, due to the draconian attendance policy UP created (in attempts to decrease head count without laying people off) that will only go on to cause more issues. When most companies have a massive stock drop like has currently happened to this company people in the position to make decisions usually get fired because they are the ones that started the company on the path to failure. It’s obvious the stock was being pumped up by the company and corporate officers buying back massive amounts of stock (which isn’t illegal). The companies showing losses like airlines and cruises aren’t being affected by the bad business practices (that the current corporate officers implemented) that we are witnessing, they are being affected by the fact no one wants to travel and risk close confines and the possibility of getting sick.
God willing, upper mgmt will be fired or change course...
Based on your theory, all railroads or nearly all corporations should let their executive level go due to recent stock drops.
They won’t. It’sh–ting everyone Maybe our ceo should follow delta airlines example and take 0 salary