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Cadence Design Systems Inc. Message Board

  • johngregor1977 johngregor1977 Aug 18, 2009 2:02 PM Flag

    Does this stock ever move?

    Had this one the radar for the past 3 months. Seems like it's stick in a very narrow trading range. From like $5.75 to $6.00......dead money. Least it doesn't plunge much.

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    • This stock will not move up until the company sees profit. The only way for that to happen is to cut expenses. For the life of me, cut 2000 heads smartly and you will see this stock move higher.

      • 1 Reply to edawizzard
      • I absolutely agree with edawizard on this. As shared in other posts, it must be a surgical removal of underperforming product offerings, and that requires large workforce reduction in the process.

        Separate from the crime against shareholders by this managment team, I feel badly for the CDNS workforce that it comes down this way, largely due to years of mismanagment by the BoD and senior managment team. The workforce are the ones that pay the penalty for such arrogance by management for so many years. Management will always walk away with their fat pockets filled with cash. It is afterall, the American corporate mode of operation isn't it.

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