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#1
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10/28/2011 Avid's stock sinks to new low....
As of this writing, the share price is $6.75 - down from $7.90 yesterday.
As far as I can tell, this is the lowest price ever within public trading.
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________________________ www.PlethoraTone.com PlethoraTone Studio Video Tour At PlethoraTone: Mac Mini M1, Avid Carbon, PSP, Waves Mercury, UAD, Kush, Slate Digital, PA, Melodyne, Antares, Audioease, SoundToys |
#2
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Re: 10/28/2011 Avid's stock sinks to new low....
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Normally (If the release is good) stock should rise ! If AVID want that stock to rise quickly, in public announcement, say OK We messed up Price-Wise.... Here are the new Prices !!!!
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2016 MacBook Pro Retina | 16GB RAM | 1TB SSD | OS X Latest - PTHD 12 Latest | 4K LG Thunderbolt Display | Logic Pro 10 |
#3
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Re: 10/28/2011 Avid's stock sinks to new low....
You are correct:
http://finance.yahoo.com/echarts?s=A...urce=undefined Keep in mind this is in reaction to more and more bad quarters over the years, as the events of the last week would be too soon to have a major impact for investors. |
#4
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Re: 10/28/2011 Avid's stock sinks to new low....
What happened from 1995-1997 and from 2000-2003? The two major dips in the past?
I'll look for a Pro Tools history timeline I guess. Nevermind, that Avid stock, 'not' Pro Tools, duh!!! Chuck
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==================================== Chuck Boyer PT 9, Win7 HomePremium, Mbox2 MiniUSB, AMD Phenom 8400 Triple-core , 3GB Ram, NVIDIA GeForce 6150SE nForce 430, Instrument Expansion Pack |
#5
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Re: 10/28/2011 Avid's stock sinks to new low....
Isn't it amazing that people can make decisions that will sink a ship like this and still make the salary that they do.
Where do I find a job like that? |
#6
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Re: 10/28/2011 Avid's stock sinks to new low....
It dropped even further than I thought it might. It's slowly coming back up from $6.55 but who knows where the day will end. It lost $.85 overnight from close to open...
The sad part is, the rank an file will bear the brunt of all of this.. the 'big boys' will still bank their millions and bonuses.. I guess if I had to reveal my heart of hearts, it would be that Avid drive itself into the dirt and someone else come along that really does care about PT, buy it, and rebuild the PT Company... (going back to calling it Digidesign might not hurt either). Still.. it only bodes ill for the rank and file.
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Here I am, after time not long... and thankful for the break, What I found when I got there, was that I couldn't stay away! Hobo Shave! |
#7
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Re: 10/28/2011 Avid's stock sinks to new low....
Quote:
The biggest paydays are going to the worst leaders..
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Here I am, after time not long... and thankful for the break, What I found when I got there, was that I couldn't stay away! Hobo Shave! |
#8
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Re: 10/28/2011 Avid's stock sinks to new low....
Actually, it's not uncommon for CEO's to get canned, if things continue like this. Gary Greenfield has been CEO for 3 1/2 years. I don't know how much longer the shareholders would give him to turn things around.
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#9
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Re: 10/28/2011 Avid's stock sinks to new low....
His contract calls for him to receive an extra $2+ mil if that happens.. I wonder how much the 200 got..
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Here I am, after time not long... and thankful for the break, What I found when I got there, was that I couldn't stay away! Hobo Shave! |
#10
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Re: 10/28/2011 Avid's stock sinks to new low....
I can't imagine what they are waiting for. The canning is LONG overdue. He's done almost irreparable damage already.
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