Feels like this program is a waste since SF took over. Even with the 20% match, I would have more money if I took the cash and buried it in the yard. Feels like I’ve been part of a ponzi scam and waiting for it all to crumble. I think I’m done with the program. Any others dropping it?
7 replies (most recent on top)
A word to the wise regarding burying it in the back yard: pirates! Draw that treasure map and keep it safe!
Used to participate, stopped a while back. I have restarted a few times for a few weeks think ‘this is as low as it will go’ only for it to drop again. Forget the actual share price action, I can’t see myself getting back in until this place functions better internally.
Have been participating in this program for over a decade, but stopped this year. As someone else said, even with the 20% match, I'm still losing money now vs burying the cash in the yard, and don't see any timeline where I'll make it back.
Not a participant, won't start now. If the question is how much farther can it drop? Wait until the news of the Franklin Templeton debacle hits the news. That is a huge coffin nail. Most recent share price was $47.55, the 52 week high was $82.74 and the YTD is -28.41% with the 5 year return -60.02% while the S&P 500 is up 72.80%. That's a big swing for an investor, IF you have the time and nerves to wait it out. Why isn't the Board making changes? How many folks could face a performance review with those numbers and not face consequences?
@bk Never challenge the failure ability of the C suite. I’m sure many have said that all the way down from $150.
Alternatively, for people that haven’t participated in the ESPP - is now a decent time to start? Genuinely, how much lower could the stock really go?
I know plenty who've been stung by this. Nobody has been investing in it for a long time. Old guys with lots invested are stuck with huge losses with practically no chance of getting back to the previous price ($80-120).