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this post was submitted on 18 Jul 2024
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They're also about to make massive layoffs (many employees report not knowing whether they're on the list for next Wednesday (IIRC)), so they apparently aren't doing well as a going concern. I don't know whether there's any connection beyond close timing.
No, they're actually doing very well:
https://www.morningstar.com/stocks/xnys/de/financials
Net income and operating income is 3x it was 5 years ago. This DEI issue is unfortunate, but don't lie about the company.
What's being profitable have to do with mass firings? It's like you've been asleep for forty years.
They are doing fine. They are moving the jobs to Mexico. That’s what nafta allows them to do. Biden should declare it a national security issue and tell them they can’t do it.