Skip to main content

The most important job/investing rule

If you work for a company and the President, CEO or COO - especially if he is new to the company, says "we are going back to basics", update your resume' that day. Don't hesitate; begin networking for a new position, post on Monster/Hot Jobs/Career Builder, etc. as soon as you can prepare a competitive resume'. Your company is in big trouble and the leader most likely is clueless to the nuances of the market, competitors and internal capabilities.

If you own a stock and, in a presentation or earnings call, the CEO says "we are going back to basics", sell the stock, and give strong consideration to shorting it. Of course, by the time they are spouting that, the stock has probably already been pummeled.
Labels:

Comments

Post a Comment

Popular posts from this blog

Stimulus Plan

Mr. President: The House stimulus bill is awful. Dangerous. Counter-productive. It has a very high probability of making things worse!. Your man Rahm Emanuel is supposed to be a tough guy: turn him loose on the House Dems - they are selling you down the river. Some simple tests: the spending will improve long-term productivity; the spending will reduce our dependence on foreign oil, and the spending will happen fast; very, very fast. There may need to be some legislation to enable spending without years of environmental review. For example, spending on wind farms would improve long-run productivity and reduce dependence on foreign oil. But let's say the wind farm is a couple of miles offshore. You can't have environmental groups stopping the development to see if some fish will be harmed. This spending has to happen now. And, no tax cuts with the possible exception of AMT. People aren't going to spend any tax savings; they are going to pay their credit card bills or r...
10 comments
Read more

No Steve No

To:Bill Gates and Steve Ballmer: Please, please don't spend my money on Yahoo. Spend $4 billion per year for the next 10 years building something new and better. This has to now be an ego deal, not an economic deal. If you withdraw the bid, YHOO is a $15 stock. You are too smart for this. Many times the best deals are the ones you don't make. This is one of those times. Don't spend my money on this. Sincerely, gene
1 comment
Read more

I Want My GM Stock

It isn't clear how many shares of General Motors will be issued. I've nosed around, but can't find anything definite. However, the general indication is that the U.S. government (that is, us) will own 60% post bankruptcy. I want my piece immediately. And I want you to get yours to. According to the IRS website, about 156 million tax returns were filed for 2008. So, let's do this: 156 million multiplied by five equals 780 million shares. So, distribute five shares to everyone whot filed a return. After all, we taxpayers are going to be paying for this mess for years to come. Sure, there will be some very predictable whining that the government can't get repaid like that, or the cost to GM of keeping records and sending annual reports to all those independent shareholders is too great a cost. Well, I don't give a damn about that. The bad management and greedy unions that got GM into this mess could have foreseen the problem and they didn't. Tough noogies. I wa...
6 comments
Read more