Although the outcome of Super Tuesday could ultimately hold great importance for Americans, the impact of the election cycle on Wall Street will likely remain undetectable until after electoral votes are tallied in November. Say what you will about Trump, it’s hard to imagine that he would be bad for business, or even perceived as such by his detractors. Regardless, there are bigger concerns than politics weighing on the stock market at the moment, and it wouldn’t surprise me if the lull between Tuesday’s primaries and the next big round of voting on March 15 gives traders too much time to reflect on a geopolitical world in turmoil and a global economy on the brink of implosion. Under the circumstances, perhaps we should be thankful that we’ve had such an entertaining campaign to take our minds off such things.
Beware of the Two-Week Lull Between Primaries
- March 1, 2016, 12:00 pm
RA,
Appears Snipp has finally acknowledged their employee related expenses have gotten way out of line with revenues and decided to chop $2.5 million from their bloated payroll. It is a start but in order to regain the confidence of this shareholder much more needs to be done. Currently, this $15 million revenue company has at least 6 offices worldwide, The CEO needs to shut at a minimum of 4 of them and frankly tell shareholders he has made several material mistakes related to the company’s operation. Depending on how contrite he is, should almost certainly announce the search for a replacement CEO is underway. Having spent two years counseling him about the decisions he was considering and disagreeing across the board on his plan of action it is probably time for him to move to the sidelines. It is very concerning that the share price has plunged as far as it has and the acknowledgement by the CEO in the recent press release confirms outright waste of the company’s limited resources. Perhaps the decimation of the share price was all part of the plan to layer endless stock options at ever lower strike prices diluting shareholders. Although I hope this wasn’t the case, it seems more likely by the day.