Not counting the proceeds from the sale of 320 Park and the cost savings from the recent layoffs and frozen pension, what is everyone's guess what the publicly announced loss will be for 2024 ?
7 replies (most recent on top)
I say a net loss of $102,000,000 not double counting the pension freeze of the triple counting of 320 Park ave
What accounting tricks do they have up their sleeves this year ? The Houdini slight of hand BS.
Any update on the operating loss for the company in 2024 ? There will be three numbers. The actual loss which only the CFO and CEO see. The FUDGED number which the Board sees, and the deep fake public number which MYDFS and the public see. What say you ?
When Fred Gutteraireez gave her speech earlier this year, she misspoke. She said the pace of contract terminations was slowing. In fact, it accelerated this year over last year. $1.8B + $2B in individual distributions. Net flows in only at $2B all told. In 2025, they are on pace for $2B already in contract terms.
I say the final numbers for 2024 loss are: $114,011.66.
However, the CFO doesn't even have a CPA so she might forget to carry the 1.
$200 million loss even with the sale. The amount of clients leaving >$2BB
And they’re not even trying to retain clients that are leaving
$60 million loss. Maybe more
at least $1