When I made the post on April 4th the PPS was as high as $45.59 (not $40.15) and is now considerably lower, The layoffs weren't announced yet but will appear on their next statement, so there's no immediate affect on the PPS except for insider knowledge. Sometimes such news is accepted favorably as a sign of belt tightening. It's the demise of the company that's at stake. A thriving company doesn't do layoffs unless they're desperate and are managed poorly. Labor is the one of the few places where they can make cut to try and make their Income Statement look halfway decent.
I wish I could disagree with you but I cannot. I was in at a cost averaged 37 and have now bailed early this AM at about 44.80 (long term cap gains). I have done this twice before over the years and have found it is the only way to make money with this dog. If it goes up with a takeover bid all I can say is "bulls make money, bears make money, pigs get slaughtered". I've made mine and will be back if if drops down to the mid 30s again. In any case, good luck all.
Sometimes you cut off a branch to help the tree flourish. it also appears judging by the abnormal volume of March 21 that too many people bought into the takeover rumors that created an over bought condition.
If a tree is not already flourishing, pruning it may expose it to disease or may make it grow too tall leaving it at the mercy of winds that can make it topple. The giant Sequoias were never pruned. They didn't need to be. Mother Nature was all they needed for their flourishing to be managed correctly.