Stock fell 6.5%

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anonymous

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Great day for AZ stock today down 6.5% based on third quarter results. If you read Thursday's transcript senior managers talk about reducing costs. I think we are in for a very very rough road in the next six months and cuts will be bigger than 400 reps.
 








anonymous said:
Great day for AZ stock today down 6.5% based on third quarter results. If you read Thursday's transcript senior managers talk about reducing costs. I think we are in for a very very rough road in the next six months and cuts will be bigger than 400 reps.
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A typical over-reaction by the street. It will bounce back within a couple of months.
 








anonymous said:
This is probably true concerning AZ stock. The point of the post was that Pascal said company will reduce costs. This certainly could mean layoffs in the near future.
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Maybe he was saying he will cut costs vs this year because those 400 reps will not be on the payroll. They still have to pay severance which means that just because they announced the people being cut, does not mean that payroll changes. Payroll remains the same until severance is all paid out.
 




















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