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Symantec Corporation Message Board

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  • coinmaker77 coinmaker77 May 27, 2010 11:56 AM Flag

    What is wrong with this stock forward P.E is only 8, earnings reported were good

     

    The problem looks like the Officers and Directors are robbing the company from the shareholds with stock options with the price of $0 ,$4.?? and $8.21 Does anyone have any information on this? It looks like the only one that can make any money on this company is Officers and Directors. Someone bigger than me needs to fix this

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    • I agree the compensation committee has been stuffed with insiders that are playing " lets scratch each others back " and leaving the shareholders with nothing . If you look at the insiders at MFE you will see the same thing ... the difference being that MFE shareholders have also been rewarded ! We as small shareholders are powerless to make a difference , what its going to take is for the big institutes that have a huge stake in SYMC to get off there lazy ass's and demand changes in the board !

      • 1 Reply to justwondering2
      • It is imperative to undersand two major compensation factors that are the primary cause of the problems:

        1) The overinflated bonuses being pocketed by the Execs is in no way directly tied to the share price. It absolutely should become a meaningful metric to their bonuses.

        2) The RESTRICTED STOCK PLAN. Unlike stock options, where the shares must appreciate in order to receive a return, with restricted stock the Board/Execs are GIFTING themselves stock at minimal (or zero) cost basis. So they don't care if the stock moves up 5 points or not when they are already making a $15/share profit. They instead need to be given stock options ONLY so the shareholders and Board/Execs have a common interest in stock price appreciation.

        THESE TWO KEY FACTORS ARE WHAT DESPERATELY NEEDS TO BE CHANGED IN THE SYMANTEC COMP SYSTEM OR ELSE THE BOARD AND EXECS WILL CONTINUE THEIR BREACH OF RESPONSIBILITY TO THE SHAREHOLDER FOR THEIR OWN BENEFIT.

        SMS

    • You are looking at Non-GAAP earnings.
      GAAP earnings for 2010 were .87

      Look at the 2nd page of the following doc:

      http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDQ3OTJ8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1

 
SYMC
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