Symantec Very Pricey with Too Much Uncertainty and Risk
Investors (especially longs) need to pay attention to the recent executive management departures. While not always uncommon with a change of CEO, such departures are often a telling warning sign with internal disruption surely to result - which will no doubt eventually impact execution. On the heels of the already-suspect earnings it is critically important to do your homework and draw your own conclusions but there is no doubt the current hyper-inflated share price combined with increasing disruption and risk make this stock increasingly dangerous, at least until clarity and certainty are established. At the present over-inflated levels the shares are now a pure momentum/hype play, trading with the market, and prone to a sizable gap down on any bad news or change in sentiment. Please be very careful if holding long positions, more now than ever before.
Point being, we don't really know whether the positions are voluntary or not, but again that is more of a political aspect which doesn't change the internal disruption that results. And it is imperatively important not to try and draw any conclusions between Intuit and Symantec, they are radically different companies across the board. This is in fact part of the major problem that people are drawing parallels to. Steve is not at all prepared to hit the ground running to deal with Security and Storage nor Symantec's diverse and entrenched 30-something business units. It is an entirely different animal focused in specialized sectors that he's had almost no experience dealing with before.