boyst Posted August 30, 2013 Share Posted August 30, 2013 http://www.journalnow.com/business/business_news/local/article_42e81556-1042-11e3-8478-001a4bcf6878.htmlhttp://www.journalnow.com/business/business_news/local/article_f6780f52-feb0-11e2-9c0e-001a4bcf6878.html My company had shares once worth almost $300. The 10 year high was $260, I think. We voluntarily (nearly forced to do so) delisted ourselves from the NYSE with a closing share price of about $.50. Now we are trying to restructure, losing out big time money. Contracts have been lost. We are in debt to the security company that secures our buildings. We ran out of soap and toilet paper this week because the bills were not paid to the cleaning company. We're not looking so well, and being that our parent company only has a few actual assets it is troubling. Other then the names of the companies it owns, their trademarks, and a few patents in those companies they have two plants in China and an empty plant in Mexico. The individual companies all own their closed down facilities. My company alone has at least 15 buildings within a half hour drive of our headquarters. Either way, time to look for a new job while I can afford to be picky. Farming just don't git'r done. Link to comment Share on other sites More sharing options...
BuffaloBill Posted August 30, 2013 Share Posted August 30, 2013 http://www.journalnow.com/business/business_news/local/article_42e81556-1042-11e3-8478-001a4bcf6878.htmlhttp://www.journalnow.com/business/business_news/local/article_f6780f52-feb0-11e2-9c0e-001a4bcf6878.html My company had shares once worth almost $300. The 10 year high was $260, I think. We voluntarily (nearly forced to do so) delisted ourselves from the NYSE with a closing share price of about $.50. Now we are trying to restructure, losing out big time money. Contracts have been lost. We are in debt to the security company that secures our buildings. We ran out of soap and toilet paper this week because the bills were not paid to the cleaning company. We're not looking so well, and being that our parent company only has a few actual assets it is troubling. Other then the names of the companies it owns, their trademarks, and a few patents in those companies they have two plants in China and an empty plant in Mexico. The individual companies all own their closed down facilities. My company alone has at least 15 buildings within a half hour drive of our headquarters. Either way, time to look for a new job while I can afford to be picky. Farming just don't git'r done. Ouch and good luck. Link to comment Share on other sites More sharing options...
Marv's Neighbor Posted August 30, 2013 Share Posted August 30, 2013 Thanks Gents...not sure I'll be able to sleep between now and the 9am teleconference...stress is flowing through me like gas! Try not to go the meeting a) drunk, b) hung-over. Link to comment Share on other sites More sharing options...
Gugny Posted August 30, 2013 Share Posted August 30, 2013 http://www.journalnow.com/business/business_news/local/article_42e81556-1042-11e3-8478-001a4bcf6878.htmlhttp://www.journalnow.com/business/business_news/local/article_f6780f52-feb0-11e2-9c0e-001a4bcf6878.html My company had shares once worth almost $300. The 10 year high was $260, I think. We voluntarily (nearly forced to do so) delisted ourselves from the NYSE with a closing share price of about $.50. Now we are trying to restructure, losing out big time money. Contracts have been lost. We are in debt to the security company that secures our buildings. We ran out of soap and toilet paper this week because the bills were not paid to the cleaning company. We're not looking so well, and being that our parent company only has a few actual assets it is troubling. Other then the names of the companies it owns, their trademarks, and a few patents in those companies they have two plants in China and an empty plant in Mexico. The individual companies all own their closed down facilities. My company alone has at least 15 buildings within a half hour drive of our headquarters. Either way, time to look for a new job while I can afford to be picky. Farming just don't git'r done. Best of luck, Boyst. Link to comment Share on other sites More sharing options...
ajzepp Posted August 30, 2013 Author Share Posted August 30, 2013 http://www.journalno...1a4bcf6878.html My company had shares once worth almost $300. The 10 year high was $260, I think. We voluntarily (nearly forced to do so) delisted ourselves from the NYSE with a closing share price of about $.50. Now we are trying to restructure, losing out big time money. Contracts have been lost. We are in debt to the security company that secures our buildings. We ran out of soap and toilet paper this week because the bills were not paid to the cleaning company. We're not looking so well, and being that our parent company only has a few actual assets it is troubling. Other then the names of the companies it owns, their trademarks, and a few patents in those companies they have two plants in China and an empty plant in Mexico. The individual companies all own their closed down facilities. My company alone has at least 15 buildings within a half hour drive of our headquarters. Either way, time to look for a new job while I can afford to be picky. Farming just don't git'r done. Dang, JB....any idea what sort of positions you're goign to be pursuing? Try not to go the meeting a) drunk, b) hung-over. Duly noted Link to comment Share on other sites More sharing options...
DC Tom Posted August 30, 2013 Share Posted August 30, 2013 http://www.journalno...1a4bcf6878.html My company had shares once worth almost $300. The 10 year high was $260, I think. We voluntarily (nearly forced to do so) delisted ourselves from the NYSE with a closing share price of about $.50. Now we are trying to restructure, losing out big time money. Contracts have been lost. We are in debt to the security company that secures our buildings. We ran out of soap and toilet paper this week because the bills were not paid to the cleaning company. We're not looking so well, and being that our parent company only has a few actual assets it is troubling. Other then the names of the companies it owns, their trademarks, and a few patents in those companies they have two plants in China and an empty plant in Mexico. The individual companies all own their closed down facilities. My company alone has at least 15 buildings within a half hour drive of our headquarters. Either way, time to look for a new job while I can afford to be picky. Farming just don't git'r done. A reverse stock split is a pretty reliable sign a company is going down the tubes in a great big hurry. Wish I'd known about it - I'd have shorted the hell out of them when they reverse-split. No offense, jboyst - I'd be shorting my own company's stock if it traded publicly. Link to comment Share on other sites More sharing options...
/dev/null Posted August 30, 2013 Share Posted August 30, 2013 Either way, time to look for a new job while I can afford to be picky. Farming just don't git'r done. Bummer dude Look on the bright side, at least with your herd you can put together one helluva going out of business barbeque Link to comment Share on other sites More sharing options...
BuffaloBud Posted August 30, 2013 Share Posted August 30, 2013 Stay positive and crack open a beer. When one door closes another opens. I've had to deal with similar crap 3 different times. Each one was a kick in the onions and moved on from each one. Enjoy the weekend! Link to comment Share on other sites More sharing options...
Nanker Posted August 30, 2013 Share Posted August 30, 2013 Damn, AJ and Jeff. Tough news. My best goes out to you both. Those are some high profile name brands, and it's always tough to see companies like that take a torpedo amidship. It's worse by far for the individuals though. So sorry you have to live through it though. Link to comment Share on other sites More sharing options...
boyst Posted August 31, 2013 Share Posted August 31, 2013 Ouch and good luck. Best of luck, Boyst. I'm hardly worried... Dang, JB....any idea what sort of positions you're goign to be pursuing? Duly noted I'll go back to logistics, warehousing and planning. It is hard to find a career type job in these parts. I am just banking on saving up as much as I can in either equities like my house and retirement funds and pocketing as much as I can so I can farm full time at 40. A reverse stock split is a pretty reliable sign a company is going down the tubes in a great big hurry. Wish I'd known about it - I'd have shorted the hell out of them when they reverse-split. No offense, jboyst - I'd be shorting my own company's stock if it traded publicly. I only found out about it the morning it was going to happen. Don't worry, though, there is already and SEC investigation going on. Trades on the company went up 400% in just a half of a day trading prior to the announcement which caused the NYSE to warn the board of suspicious activity. Scozzafava is hated by many. A company that loses 95% of its value in less then a year and expected to be solvent or bankrupt in less then 3 months is not a company to invest in. Alas, but we still get emails saying to ignore the rumors and still work hard. The emails do nothing. NOTHING. to address the actual rumors. Either way, if rumors are true, it will get ugly. Bummer dude Look on the bright side, at least with your herd you can put together one helluva going out of business barbeque I do not really like anyone I work with, maybe 3 guys. Its got so demoralized in there that many just do not care about the rules or goings-on. We have had so man temps, too, that it is sad. I only have one guy working for me now, down from 11 a year ago. I do not even know 75% of the peoples names I work with...and could care less knowing them. I'm there to work. Damn, AJ and Jeff. Tough news. My best goes out to you both. Those are some high profile name brands, and it's always tough to see companies like that take a torpedo amidship. It's worse by far for the individuals though. So sorry you have to live through it though. This was not taking a torpedo midship. It was the company scuttling itself and not realizing it. Our dilapidated structure is just that. It was forthcoming...and they have closed Thomasville 4 times since 2004. This could be the last time. Link to comment Share on other sites More sharing options...
Just Jack Posted August 31, 2013 Share Posted August 31, 2013 I only found out about it the morning it was going to happen. Don't worry, though, there is already and SEC investigation going on. Trades on the company went up 400% in just a half of a day trading prior to the announcement which caused the NYSE to warn the board of suspicious activity. Scozzafava is hated by many. A company that loses 95% of its value in less then a year and expected to be solvent or bankrupt in less then 3 months is not a company to invest in. Alas, but we still get emails saying to ignore the rumors and still work hard. The emails do nothing. NOTHING. to address the actual rumors. Either way, if rumors are true, it will get ugly. I worked for one company that about a year after a merger, you could see the writing on the wall. But there were still people going "yea, the stock is going down, so I'm gonna buy more so when we rebound, I can cash out." It's funny, the board members for the company we merged with, their company was going under, hence the merger. They then sent our company under. Then they went onto another company and put that one under. Idiots. Link to comment Share on other sites More sharing options...
mrags Posted August 31, 2013 Share Posted August 31, 2013 (edited) Sorry to hear JBoyst. Good luck in your in your search. NYS DOCS will probably be holding another test soon. 25 years and out. Or sooner with a lessor pension if you chose. Edited August 31, 2013 by mrags Link to comment Share on other sites More sharing options...
boyst Posted August 31, 2013 Share Posted August 31, 2013 Sorry to hear JBoyst. Good luck in your in your search. NYS DOCS will probably be holding another test soon. 25 years and out. Or sooner with a lessor pension if you chose. prison jobs pay what now? $.30/hr??? Link to comment Share on other sites More sharing options...
/dev/null Posted August 31, 2013 Share Posted August 31, 2013 I do not really like anyone I work with, maybe 3 guys. Its got so demoralized in there that many just do not care about the rules or goings-on. We have had so man temps, too, that it is sad. I only have one guy working for me now, down from 11 a year ago. I do not even know 75% of the peoples names I work with...and could care less knowing them. I'm there to work. I wasn't talking about a going out of business BBQ with your coworkers. I was talking about a going out of business BBQ with us Link to comment Share on other sites More sharing options...
boyst Posted August 31, 2013 Share Posted August 31, 2013 I wasn't talking about a going out of business BBQ with your coworkers. I was talking about a going out of business BBQ with us I don't like you guys, either. Link to comment Share on other sites More sharing options...
mrags Posted August 31, 2013 Share Posted August 31, 2013 prison jobs pay what now? $.30/hr??? yeah but with overtime you'd be doing well in commissary days. Link to comment Share on other sites More sharing options...
Just Jack Posted August 31, 2013 Share Posted August 31, 2013 prison jobs pay what now? $.30/hr??? But you get first dibs on any contraband you find in the inmates asses. Link to comment Share on other sites More sharing options...
boyst Posted August 31, 2013 Share Posted August 31, 2013 (edited) But you get first dibs on any contraband you find in the inmates asses. I thought mrags had that position locked up? Edited August 31, 2013 by jboyst62 Link to comment Share on other sites More sharing options...
DC Tom Posted August 31, 2013 Share Posted August 31, 2013 yeah but with overtime you'd be doing well in commissary days. And your job consists of herding around a bunch of animals who's entire existence amounts to: eat, sleep, **** on you, and try to kill you. So you're already perfectly qualified, jboyst. Link to comment Share on other sites More sharing options...
boyst Posted August 31, 2013 Share Posted August 31, 2013 And your job consists of herding around a bunch of animals who's entire existence amounts to: eat, sleep, **** on you, and try to kill you. So you're already perfectly qualified, jboyst. can I eat them? Link to comment Share on other sites More sharing options...
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