FFS do something! We’re all shareholders, right?
15 replies (most recent on top)
EMT goes to bed every night praying the fed lowers rate. It’s the only way this death spiral will stop
Going down, down, down... Purple stock going down.
CCI is breaching 52-week low today. 😬
DS and LN ki-led the once great Brown Clown car company.
This is why I immediately sell my shares every March when I get them.
I assure you we are not buying another fiber company.
We did the layoffs to protect our shareholder dividends.
@6dff+1oA0EUd8, buying fiber with what money? They don’t have enough cash on hand with the dividend payout coming up. They’ll have to borrow the money and walk street will go ape sh-t if we go into more debt. We can’t buy another provider right now. This rumor is trash.
Re the 401k. Word to the wise. Don’t put all of your eggs in one basket. You are employed here, have (some) RSUs, that’s a lot of financial security in one place. Always sell your stock award in your 401k to invest elsewhere. If the company goes down, you don’t want both your current employment as well as retirement livelihood crash simultaneously. You can always get another job, but you can’t recover money lost in your 401k so easily.
I haven't heard that yet but it does make a lot of sense. Easy way to increase revenue over night.
Rumor is CC will be buying yet another fiber provider in short order, this would explain the layoffs as well as more coming.
Seems Wall Street is getting smart to the PURPLE BS! Stock down again and the target price is starting to fall. Maybe hold on a bit longer and NOT buy the dip! Think my last round of RSUs is worth ~40% of what they were when issued. Ki-ling our 401Ks too. Maybe call Schwab and dump what I have left and do some loss harvesting.
Expect it to continue going lower until RSUs vest next year.
The layoffs were a well-planned business decision. we will all benefit in the long run. #purpleforever
LOL. The EMT is cashing in millions of their stock right now. They don't care. Look at JB's and LN's new stock payments via the SEC reports. They are making their money and don't care about you.
Don't say that, they'll just lay off more people.