InvestorsHub Logo
Followers 31
Posts 4293
Boards Moderated 0
Alias Born 01/12/2008

Re: JPK1 post# 388

Sunday, 06/14/2009 8:38:16 AM

Sunday, June 14, 2009 8:38:16 AM

Post# of 488
I am hoping that it will stay higher than low $3. It is still a good time to buy in.

The reason for the dive is that SAY plans on paying 8000-10,000 workers a smaller salary for the next six months. Instead of firing them, which most US companies have been doing, they want to retain them. It seems like a weird move, but I think SAY wants to keep enough manpower in place and on tap, just in case the economy picks up. This way they are not firing and then turning around and hiring people.

Lets just see how this all plays out.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.