Your predicted stock nose dive, was spot on

This is really interesting. Last year someone wrote the following (I quote):

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"Chuck was brought in to make money and save the stock price, he doesn’t care about saving the company. If you are the least bit concerned about your job, you might want to casually look and rekindle relationships with your network circle/recruiters. As the stock price continues to take a nose dive, only expect it to get worse if the Q3 numbers don’t meet expectations, 5G misses, and or the spin-off is behind. Remember, expectations are higher coming out of the pandemic when your competitors are ki----g it. If any combination of the above miss, expect to see the stock dip below $12 possibly $10. If this happens, plan on more cuts and or product line sale offs.

Don’t trust anyone with your thoughts and plans, and good luck to everyone. It is a better world on the outside."

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Taking off my socks. Four thumbs up. Mind blowing analysis, dude. We can now confirm this prediction as TRUE, but how did you know all this? Also what products do you think they will sell off now?

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"stock dip below $12 possibly $10. If this happens, plan on more cuts and or product line sale offs"

Comment! It's anonymous!

4 replies (most recent on top)

We will have to agree to disagree, it may get get a bump to $11, CS always does but reality sets in and it trickles back down. They have proven nothing with flat revenues and more net losses.

Woulda shoulda coulda, you are like the folks at the Catawba plant saying Frank is coming back to buy them, it ain’t gonna happen.

CS will continue to outsource and offshore more jobs to cut costs. The collector is coming soon and they don’t have the money or the time. Unless they are pushing out terms NOW, the rate will be significantly higher. If there is a war, there is another set of issues they can’t afford.

People need to move on for better pay, benefits, and an organization that appreciates them.

In reply to the last message, the street apparently liked what mgmt was selling as the stock actually went up on a day the Dow dropped over 600 points. That is no small feat, as the market is always forward looking and the most critical. The first part of the debt does not come due until 2024 at the earliest so there is still plenty of time to refinance and/or get the financials in order. The increase in sales for Wireless and Broadband were very encouraging for future prospects. HN will be fine as well once the supply constraints settle down.

Following todays ER, and the announcement that HN is not being spun off, it will be interesting to see what fked up decisions are made.

They still have more debt than revenue and the dooms day clock is ticking as the term gets closer. With rates rising, if they try to push refi for extending terms, the rate will increase and so does the interest expense eroding the bottom line. With a $2b mkt cap currently, just an opinion but would not be surprised to see them taken private again to reshuffle the deck and unload dead weight that way since it would be cheaper.

Good luck to those looking to leave. Those riding it out, good luck and keep an eye out for kn--e in your back… it’s coming.

...and still dropping

Thread regarding Commscope Inc. layoffs

Your predicted stock nose dive, was spot on

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