Goldtent TA Paradise

CRYING IN YOUR BUD

1. Spock says:

   May 25, 2023 - 11:19 am at 11:19 am

   If the Board have adopted the virtue signaling of the DEI (Diversity, Equity, Inclusion) ideology, then shareholders, who have lost $16 billion in their “Equity”, should meet and sack the Board. The issue though is likely Blackrock, and other large institutional shareholders, who are DEI disciples … would block such a move by shareholders.

   • Farmer says:

     May 25, 2023 - 11:44 am at 11:44 am

     In the short-run, the stock market is a voting machine. But in the Long-Run, the Market Is a Weighing Machine.

     What the above quote implies is that any substantial change in a companies focus will not necessarily matter in the short run. People may not like what they hear at first but if the boards stick with it they may get the last laugh since stock prices can fluctuate wildly. What matters is value over the long run so I suspect the board will not back down too quickly and lose face. If share prices keep suffering however then they will have to put up the white flag and admit defeat.

     Think back to Real Coke and the Tylenol poisonings as other examples of stocks that suffered severe short term setbacks but roared back to life later and went on to new all time highs. Those companies are still in a lot of portfolios despite terrible marketing blunders and a tragic event. What I am saying is don’t think this is over just because stocks lost some value this month.

     Bud is sitting on top its 50 week moving average right now. It just closed a weekly gap is all that happened.

     • Fullgoldcrown says:

       May 25, 2023 - 2:02 pm at 2:02 pm

       THEY HAVE ALREADY BACKTRACKED BIG TIME. APOLOGIES AND DISCLAIMERS AND FIRINGS

       TO NO AVAIL. THEY HAVE DESTROYED THE “BRAND”

   • Gold Learner says:

     May 25, 2023 - 2:34 pm at 2:34 pm

     Snake (Blackrock) eating its own tail, until it dies?

     GL