GOOGL long calls Yolo. Think company is undervalued with less than a 20 PE. Stock had a big drawback, but earnings are still strong. Submitted by regardedtrader t3_z91shi on November 30, 2022 at 8:11 PM in wallstreetbets 16 comments 17
Magik47 t1_iyexcaa wrote on November 30, 2022 at 9:54 PM So short Google. They have too many employees. They will have massive layoffs Permalink 0 regardedtrader OP t1_iyexp50 wrote on November 30, 2022 at 9:56 PM This isn’t bed and bath. Google’s massive layoffs are coming from performance ratings. They’re getting rid of the dead weight that’s costing them $$$, so they’ll have better operating margins. In this case, lay-offs r actually a good thing. Permalink Parent 4
regardedtrader OP t1_iyexp50 wrote on November 30, 2022 at 9:56 PM This isn’t bed and bath. Google’s massive layoffs are coming from performance ratings. They’re getting rid of the dead weight that’s costing them $$$, so they’ll have better operating margins. In this case, lay-offs r actually a good thing. Permalink Parent 4
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