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