A LU employee's $.02 worth ---
I guess I have no choice but to stick with the program, after all, I work there. To read this board, I was surprised I even had a job Friday since I work for such a bad company so poorly managed, no vision, etc, according to so many people here. And tell me how to get in on the class action lawsuit too, OK? After all, we're all guaranteed a stock double every year and anything short of that is grounds for sticking it to the company. There was some disappointment at work Friday, but the sky wasn't falling. As for all the anger from those claiming McGinn must've know earlier about the bad results, let me ask you, would it have mattered had he come out the first day of the quarter with the same message? Suppose he predicted a slow quarter ahead of time. Wall Street would have hammered the stock then as it did now since the expectations of 25% growth (or whatever) have been in place for 3 years now. This is unrealistic and bound to end sometime. Maybe this is the time. IT's still a great company though and reports of LU's death, a la Mark Twain's,
are premature. If one slow quarter is reason for bailing out of the stock, calling for McGinn's head, etc., then you shouldn't even be a LU stockholder. And if you are, keep in mind you're an owner of the company. At least in LU I see a company that has the ability to recover from this, what do we call it...normal part of growth? If the next several quarters disappoint, then I'll change my mind. But one quarter? Geesh. Quit being so shortsighted people. (Or get out of the game) |
