Weird price action with the stock today. Is Enrique actually about to say something? Seems like the buyout or layoffs got leaked to Wall Street.
15 replies (most recent on top)
@a7 It is a done deal in the sense that it’s only a question of 1. how much and accordantly 2. when.
Anyone who thinks PP won’t be sold is smoking the good stuff.
Now whether it passes global regulatory scrutiny, well… It’s gonna be a while on that one.
@e3 i sell my shares as soon as i get them
Just a daily nothing burger with this place.
I don’t know why I bother looking at share price. For YEARS I think it’s going up only for it to disappoint and go down. Just sell the company to someone with a good SLT that can turn back to a growth tech company. Enrique is a tool.
@dt i hope we’re still buying back stock. It’s still way too cheap to not buy. I wish they would do faster because it’s going up now.
Are we still doing buybacks?
The fact our stock isn’t moving while the market is ripping is concerning. We should be at $70/share now so offers to buy should be triple digits. We would be over $70/share next year if we just kept doing our buybacks. Something doesn’t feel right and I hope long term employees holding stock don’t get sc--wed because I remember a years back this was over $300/share.
Market is taking off and leaving us in the dust. This potential sale is really hurting us and our share price.
The silence is what gets me. I’m guessing the delay in layoffs is due to a deal coming. If they are about to announce a sale they probably don’t want to do a big layoff.
Remember, not so long ago we were at 300 USD, not they would sell for around 60 USD? What a joke...
Offer better be over $90/share if they’re trying to buy the whole company. Or it should be a no from everyone and we just keep moving along print lots of cash.
@a1 that’s a lot for us!!!!! It’s been declining for over 3 years!!!!
With all of the institutional interest there's probably open orders for anything near $60. And a general sell off started at 1pm.
I'm pretty sure sale of the company is a done deal. I think these id--t board members are going to give the company away for like $75 to $80 a share. Pure speculation but I got a feeling this board actually wants to sell and be done with it.
What price action ?? $1 increase lol