IM - Ingram Micro

[MC]

I work for a large global company...$35 BILLION in global sales last year and $446 MILLION in global operating income. Not a small or hurting operation due to our global nature right?
http://biz.yahoo.com/e/080227/im10-k.html

Well seems they are so worried about the "soft economy" that they let 60 people go yesterday in the US. Mostly senior management this go round, which is not common, it's usually the minions that get the ax. One of their choices on the cut really has me scratching my head. They have been the most ass backwards lately that I've seen in my near 10 years with the company (which includes the probably 5 layoffs I've dodged myself). I went through Y2K with them and even as a tech company in a bursting tech bubble it wasn't this chaotic. I think Darwin is working here, damn bean counters trying to make every last penny at the cost of solid US employees causing the issues.

In my companies case they are focused on the sales of yesterday and are now wondering why our competition is starting to gain on us. They had built the biggest edge in the industry and over the last 12-24 months have given that edge up. The outsourcing was phase 1 and now it seems they aren't happy enough with the damage that caused, now they want to remove all credibility and employee equity we have left. You don't gain or maintain a fanbase in a technical customer service oriented call center by putting non technical, broken English speaking reps on the phones.

Cliff notes:
Even very profitable companies are stressing out on this economy.

Most of the crumbling of empires will be due to poor management and loss of what I call "employee equity" and this will sting for quite some time for these foolish companies.

[MC]

Great news from the big boss man yesterday, we had a record quarter BUT missed some bullshit analyst expectations and decided to ditch a bunch of people due to the "soft economy".

So reality and what some analyst dreams up should align themselves at the expense of employee equity I guess. Love the big show, go Captain Corporate America!!!

Cliff notes of the corporate PR:
1) Analyst says we should hit X

2) We fail to hit X but hava a record quarter, coming off a record year.

3) Bean counters think it's best to fire people that helped achieve the record year and record quarter happen.

[MC]

Interesting range IM stock has been stuck in here. This is a quarterly candle chart...long term. I love the fallout in the Y2K recession...Bye Bye tech bubble. LOL
Buy $10-11 and sell $20-22. Also be on the lookout for a longer term chart close outside that range...it would likely be a perceived value shift.

Options could be used quite well on a range bound play. Tap into that time value with covered calls. Use premiums to get lower prices on new shares with naked put selling.

I sold IM in my 401k at the last hit of $20. Everyone at IM thought I was a "retard" and what not. I don't think IM has any edge at this point, they outsourced their way to mediocre. JMHO