Day to day doesn’t matter. Sales are crashing every month, there is no end in sight, and no reason to believe that there is anything he can do to turn it around. As each earnings report comes on, they’ll sink lower and lower.
The only reason they haven’t crashed already is because they are in so many institutional investment accounts. As they slip lower and lower, eventually they’ll abandon ship, and it will all be over.
I’d agree, but the stock price is up after hours. I’ve never seen a more irrational stock
X and Y were only 3% of their sales combined according to the article. Discontinuing them makes financial sense.
Day to day doesn’t matter. Sales are crashing every month, there is no end in sight, and no reason to believe that there is anything he can do to turn it around. As each earnings report comes on, they’ll sink lower and lower.
The only reason they haven’t crashed already is because they are in so many institutional investment accounts. As they slip lower and lower, eventually they’ll abandon ship, and it will all be over.