The stock is under $20 now, has not been this low in about 20 years, how can any employees retire at this rate?
And the bigger the stock drop, the bigger the inevitable layoff will be
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Not accurate. You have to look at market capitalization. The last time Viasat was 1.9B was around 2010/2011 so 13 years is more accurate. Still su-ks for ya. I peace out a while back and am thankful I did. Miss the people though.
(I just posted this on another thread but maybe better fit here) I own 1,500 shares of VSAT that dropped from total value of $75k to $25k since the VS3A fiasco. Has anyone asked a financial planner etc. what to do in this scenario? Dump all shares and take a loss to lower annual taxes? Sell 50% to cut 1/2 the losses and keep the other 50% and see what happens? The government business (and I guess Inmarsat contracts) should prevent bankruptcy so the stock should always be worth _something_, right? Right?? Looking for ideas and advice I guess.
Inmarsat was bought, largely, because of their established contracts. I think good will come from that. Also once VS3 flight 2 is launched and bringing in revenue, Viasat will catch-up. A runner can trip and fall and still get back up to win a race.
This is why I immediately sell my ESPP shares when they get put into my etrade account and immediately diversify out of viasat stock when my 401k employer match comes through. The major bummer for me is that my RSUs aren't worth cr-p anymore.
To the 51 year old… if you don’t see that Viasat matching employee contributions once per year in company stock form is an issue, I don’t know what to tell you. You prefer Viasat stock to be low because you’ve taken an absolute bath on your company match and any ESPP you’ve held and your only hope to break even is to buy more super low and hope it bounces back. Even the lowest company match point in like 10 years is down 50% - it’s a giant middle finger to employees who have been loyal to the company. Good job taking that 15% discount on the ESPP, now you’re only down 38-65% instead of 50-70% on it. The only thing you got right is that no one should hinge their retirement on Viasat - stock or company.
Comment about selling the land. Referring to https://www.thelayoff.com/post/@3xrj+1oKU8Jqb, I’m not based in Carlsbad. Can you elaborate on this? E3 is being emptied out? They should start with W5. What else is happening?
A dollar a day, will this company exist in one month?
I made the post with the dental office analogy. It’d be nice if I were a hedgefund guy. I’m a sw engineer on Mach3 and I’ve been with Viasat for 9 years. Maybe I’m just too optimistic.
I dunno, this seems like exactly the type of a thread a hedge fund would spam strawmen responses back-and-forth to drive down the stock price. Doesn't it?
Look at when Post ID: @3cbn+1oKU8Jqb was posted. Astroturfing, desperate damage control.
It's hilarious how hypemen troll these forums with their lies below. One of the guru's secretaries below is trying to stop people from dumping this dumpster fire of a stock, lol. The company is downsizing its main campus as fast as possible, selling the land for the E5/E6 expansion, and gutting all of E3, and fairy tales are still being posed below. Viasat’s business model has no viability for the future. It’s finished.
Inmarsat was bought, largely, because of their established contracts. Like a new dentist buying an established office with a client list from a retiring dentist. I think good will come from that. The belt will need to tighten until VS3 flight 2 is launched. Once it’s flying and bringing in revenue, Viasat will catch-up. A runner can trip and fall and still get back up to win a race.
Inmarsat is dead weight…
Does Management know its a sinking ship so they brought on Guru to take the blame?
why would they double down on geo by acquiring inmarsat???
The false optimism Guru constantly provided was insane and unfounded. Now, everything is unraveling. This is the beginning of the end now. We're not going to be able to compete with Starlink. Start looking for a new job NOW!
If they had good news they wouldn’t wait until November to release it. Everything they’ve said on public calls sounds bad.
Even the insurance policy doesn’t cover the whole satellite…and it doesn’t cover any of the lost revenue. Hard to compete with SpaceX and Amazon.
Nobody here is alone, at least there's solace there? Maybe? We've all been in this ViaSat story together, some smart hard working people working on hard problems that may now not matter unfortunately. Though skeptical, we bought into the exec thesis of geo and bandwidth flexibility and this is the best method of servicing demand. But I too am now at the point where I feel I was sold defective goods, that they misread the market, repeatedly demurred against threats, and took us in the wrong direction. So I too am here with ViaSat stock that may only be good for wallpaper. I've mentally written that value off while I consider just using these losses to soak up profits from better investments.
All depends on what they say about viasat3 in november, if its bad, the stock may hit single digits
Not to mention they absorbed a company for $7B in the process. How is all that value wiped out? Is this what going to zero looks like? I should have sold.
The CEO or President should say something…bad leadership.
A smart employee would have a balanced portfolio and would not need to rely on company stock to retire. I’m 51. My retirement date will not hinge on Viasat’s stock price. My total 401(k) is $740k. Only my Viasat match, which I take full advantage of including “catch up” contributions, is in Viasat stock. I continue to max out the ESPP. I don’t mind buying in at a cheap price. At this point, I prefer Viasat stock to be low. I concede that someone with RSUs and a looming retirement date, may have a differing opinion.