Thread regarding Lumen Technologies layoffs

Really?

A "record-breaking second quarter?" In mass markets? The spin is going to be epic.

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| 1911 views | | 18 replies (last July 16, 2024) | Reply
Post ID: @OP+1ttLgrMJ

18 replies (most recent on top)

LUMN closed at $1.32 today. That's almost where it was on June 5th. The increased stock price is probably a reaction the the upcoming Fed interest rate cuts starting this month or next month.

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Post ID: @4fzp+1ttLgrMJ

To someone who said their 401k is losing thousands. I assume you have your 401k in company stock? Rethink that strategy. Cut the company stock losses and put it in a target fund. You’ll make your money back 10 fold

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Post ID: @4sog+1ttLgrMJ

Stock is taking going up percentage basis at a good clip. All is well in Lumen land

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Post ID: @4qja+1ttLgrMJ

Quoted:
"This stock will be at $4-$6 in 24 months. Load up. Or kick yourself later."

But tell the readers how many times over past 5-10 years has that been said. 24 months is said every few months by Lumen SLT. Unfortunately they're not fooling investors.

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Post ID: @3rkh+1ttLgrMJ
  • This stock will be at $4-$6 in 24 months. Load up. Or kick yourself later."
  • this comment is one of the issues... I work with a ton of people who live paycheck to paycheck, and the board expects people to just live off savings? yeah cause we all have 2 million to drop in stocks like good O'l Kate... what a flex towards the employees... for 24months for the company to turn it around? Nah bruh.. 6 more months of watching my 401k lose thousands is not a good feeling...

Lets hope it turns around... TRUST ME I want it more than anyone, but the reality is there and it feels like choices are being ran by a magic 8-ball

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Post ID: @3koz+1ttLgrMJ

Lumen has many lines of business some are doing good but don’t be fooled many and Lumen overall is not doing great
20 hours ago by Anonymous | 4 reactions (+4/-0)
Post ID: @2oue+1ttLgrMJ

Which ones are doing good and which ones are doing bad?

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Post ID: @3enm+1ttLgrMJ

Lumen has many lines of business some are doing good but don’t be fooled many and Lumen overall is not doing great

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Post ID: @2oue+1ttLgrMJ

"This stock will be at $4-$6 in 24 months. Load up. Or kick yourself later." I'd like to know what this dude is smoking or sniffing, must be good stuff!

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Post ID: @2goq+1ttLgrMJ

These are department "record setting numbers" not company results.

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Post ID: @2jiu+1ttLgrMJ

This stock will be at $4-$6 in 24 months. Load up. Or kick yourself later.

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Post ID: @2nal+1ttLgrMJ

The RIF is delayed until October 😁

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Post ID: @1tbx+1ttLgrMJ

You readers need to understand that if your net for every past Q2 is dismal, then just getting past dismal is "record breaking". Those record words mean nothing without relevance. And yes, as the other poster said, it's how you spin it to try and fool investors. Lumen can spin Allyshit into Olympic style gold medals.

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Post ID: @gri+1ttLgrMJ

to be fair a "record loss" is a still a "record" !

options also include "a record number of employees were laid off", "a record number of employee sick days were used" and so on

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Post ID: @ojr+1ttLgrMJ

Oh ha. lol. Yeah I can see the potential for lots of spin at that town hall.
That record probably wont move the stock one bit Ill bet.

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Post ID: @vci+1ttLgrMJ

A email from Wes G. today announcing a Town Hall meeting later this month. Said something about a record-breaking second quarter but didn't elaborate about what the record was...

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Post ID: @eik+1ttLgrMJ

:/ Yeah ok....numbers are numbers...how can you spin the numbers?

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Post ID: @fnm+1ttLgrMJ

Where did that info come from?

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Post ID: @qof+1ttLgrMJ

Wow. Will it take the stock price to $5?

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Post ID: @qnt+1ttLgrMJ

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