A company:
1) lays off team members
2) Borrows cash
3) Declares dividend to please shareholders
4) Pretends to cut prices
The stock still sinks to lowest point over 52 weeks and market Cap drops below $10billion.
Is management of this company missing something or they are just in denial?
Watching patiently!
Stupid is failing to accept the situation that you are currently in. That's a regional trademarked move.
That's just stupid...
Shutting down stores, if there's no takeover. They simply can't keep pretending that everything is fine. The sky actually is falling, wake the F up.
Expect more layoffs after the holidays.
New 52 week low hit moments ago, just this morning (11/30). Prior 52-week low was $29.15. I just copied $29.12, which is down $0.29 on the day. In percentage terms it's -0.99%. So the OP is correct. I think the most troubling thing is that management is borrowing $1 billion at this critical juncture in order to buy back shares and continue doling out options to THEMSELVES. That's like the crew telling the passengers (including investors) "Hey, screw you!" and jumping in the life rafts when the ship runs aground and starts taking on water.
Actually the stock is at it's lowest today, unless you know something that we don't, feel free to share veteran of this site?
Did you just discover this site?