I'm not ready to attribute these particular the layoffs to contracting business but to the reorganization of the business which is being completed. Hopefully, that will set the stage for the growth story I'd (we'd all) like to see.
Honestly, how do you think I know. I'm all for cutting away dead weight, but this has become a yearly occurrence with WIN. It's not automation, I promise you. It's lack of customers caused by a deteriorating product. There's plenty of work to go around. Also, your political propaganda has no place here. Take it some place else.
Why does one have to educate folks in simple items? Do not any of these simpleton's due any DD? If you are going to invest your hard earned money; at least learn about what you are investing in.
And you know this how? It always amazes me as they who cry the loudest have the littlest knowledge of the situation. I have never seen a company where they cut too much. Alter all the smoke clears a leaner cleaner machine exist. Companies exist not to employ people but, to make money for the owners. Automation is effecting jobs so those in school who do not prepare or those too stupid to prepare for a new paradigm shift in employer requirements will be left behind to pick those crops and clean those houses. Of course we can always follow the Democratic party and all end up on welfare. Cared for by the nanny state.
The cancer remained. Many qualified people let go to keep inept sales channel intact that I guarantee you will not deliver the results hoped for in 2015. Big problem here....not picking up enough new customers 2014 while highly paid direct channel reps bottom fed off the existing ones. Anticipate another layoff within 4-6 months when management comes to their senses amidst struggles to retain customers with lazy sales reps at the helm.
Except I volunteered twice now only to be told I was needed and request denied. In truth you have a lot of good workers that do not want to work for such #$%$ senior management anymore. Constantly deteriorating benefits, raises last year below 1% while upper management keeps their bonuses.....put it together genius. Sure some people (customer service or sales) may be happy to JUST keep their jobs, but the skilled employees are pretty angry, feeling abused and as of late leaving the company. Cant wait to see the results on the engagement survey or what raises are planned in 2015....I am sure that will inspire us discontents to be happy to have a job.
Hey Payme, don't forget the blowwomen as well. You two really need to take your comedy duo routine on the road.
Sentiment: Strong Buy
Agree - I find companies that need to create their own accounting methods and only cite GAAP results briefly in earnings reports a bit of a riddle. But what do I know - except that the dividend will be cut by 30% in 2015 and that the REIT is completely and solely dependent on the health of Windstream Communications. Holy #$%$ Batman
So which of Jeff's lies do you chose to believe - the one where we said on the 3rd Q earnings how things were going as anticipated or the one where he cites the poor 3rd quarter results as the reason for the RIF yesterday?
WIN cleaning out 350 fellow blowmen. Thanks Jeff Gardner for getting rid of the cancer.
Sentiment: Strong Buy
The Jedi Council was victorious and the dark lords of the pool have been sent away. Just hope the masons and the flying nuns don't try to short the stock too!
All the blowmen have disappeared. There shorting efforts haven't produce the results they were hoping for. Looks like we go back to $13 plus again.
Sentiment: Strong Buy
My chart shows that out of 6.9M shares traded today, 1.4M were traded in the last 60 seconds. And it was on a rise of five cents. I think there's someone collecting up a lot of these shares and they want to make it close in the green each day so they're postponing a good bit of their shares to the last minute.
I guess that's what you have to expect with a stock with so much institutional ownership. Make your account look good.
What value are you placing on the combined companies after the REIT spinoff? I came up with a range of around $11.00 to $13.57. A lot of unknowns so this is definitely a 50,000 foot type of estimate. Hard to come up with a more definitive answer until more information is available.
clectec, I have OHI and HCP which are medical REITs. They're paying around 5% right now which seems pretty good compared to the insult the bank offered me when I asked for their CD rates, LOL. So far today, they're up a half percent presumably because of the smell of lower interest rates.
I see today that the CEO, CFO and Treasurer will speak at the "UBS 42nd Annual Global Media and Communications Conference" on December 8th. My dream is that they'll announce that they've got deals with other telecom companies to buy their "real estate" assets and lease them back through the spin-off REIT. This would make it less concentrated on the Windstream deal and probably more attractive to investors. I saw that Sears mentioned the Windstream deal.