I resigned my job back in Feb. I didn't care about the bonus or anything. Just wanted out of that company. The writing is on the wall. Executives are dumping their stock options like crazy. They know something and are getting theirs while they can. There are just too many questionable things going on. How can a CEO make 59 million dollars last year and lay off 3000 people in the first quarter of the following year? Granted, a large portion of his earnings last year were from stock he exercised. His bonus last year could have almost made up for the loss. If your company is laying off people because they had a bad quarter (they lost $12million in Q4), why are we rewarding these executives and punishing the real workers?
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I did a lookup on Yahoo Finance and using a reference called Simply Wall Street, there apparently isn't a lot of insider buying or selling. You can compare to Humana, UHG or Anthem, they have a lot more selling. Options are another thing. If the value's under the strike price (e.g. today's $59 versus a strike price of $66) and they are starting to expire, if you have others more favorably priced, you'll let the underwater ones go. Unless you are really bullish, which no one is on the payer side unless you work for Oscar Health!
My theory has always been that the company in whole or in parts is for sale or spinoff. A sale might be the best thing for the shareholders. MFN has the rabbits and the hat. And I agree–it'll be eye opening.
It appears to me they are going lean and setting themselves up for a sale. The rest of 2021 should be eye opening to say the least for this company.