PH did buybacks every quarter and it did nothing to move the needle. Now BD is following suit. And he’s dramatically shrinking the book which makes dealing with lean quarters/cat events that much more difficicult. BD has almost copied PH’s playbook to a tee. Smaller book, hand over product lines we once dominated to our competitors, lay off of our good mid-level talent and focus on GOE at any cost.
Blackboard has been around for what, 3 years now? What “avenues” of growth have they produced? What do they do at all?
There’s no vision for viable product lines or services that actually generate PROFIT. Tightening the budgets, RIFs and selling assets has been done as nauseam for a decade now. A business at some point has to actually make more money rather than celebrate that they are slowing down the bleeding. Call me crazy, but I don’t see how this quarter’s results or the town hall changed any of that.
Posted originally by @XEOoDRK-2rff