Wednesday, February 8, 2017
Bearish
Yikes. My company released some financial results and lower than predicted sales forecasts yesterday, and subsequently our shares tanked by 10% reaching a new 2 year low today. When you have quite a considerable amount of stock in the company thanks to the employee stock purchase plan, this means quite a substantial hit on your savings. Not good. It’s not totally irredeemable, we either need to buy another company or be bought. At least, that is what all the financial analysts are saying. I tend to agree with them – as the analysts say (and without saying anything that could be construed as insider trading), there doesn’t seem to be much in the pipeline that is going to immediately and significantly boost income, and it appears that senior management have done very little to appease concern yet. Not a lot of happy campers here at work at the moment.
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