[Info-vax] Off-Topic: UNISYS problems

[Bill Gunshannon]

On 11/10/22 14:42, Arne Vajhøj wrote:
> On 11/10/2022 9:04 AM, Bill Gunshannon wrote:
>> On 11/9/22 21:30, Arne Vajhøj wrote:
>>> (UNISYS has been mentioned here a few times)
>>>
>>> https://www.bizjournals.com/philadelphia/news/2022/11/08/unisys-stock-plummets-internal-investigation.html
>>>
>>
>> Interesting, but confusing.
>>
>> How does a $.59 loss on a $5.15 share value workout to be
>> a "50% plunge"?  Guess I don;t really understand the stock
>> market.  Good thing I don't play there nor does my retirement
>> depend on it.  :-)
> 
> The stock price fell 48%.
> 
> "Unisys Corp. shares closed down 48% on Tuesday"
> 
> "Shares of the company traded on heavy volume Tuesday and closed at $4.63."
> 
> (it was around 8.97 Monday)
> 
> They had a loss of 0.59 per outstanding share.
> 
> "the company said Tuesday it lost $40.1 million, or 59 cents per share, 
> in the third quarter."
> 
> (a loss of 40 million dollar and about 68 million outstanding shares
> gives around 0.59 per share)
> 

Like I said, I don't get it and that is why I don't play the stock
market and am very glad my retirement doesn't rely on it at all.
Probably a New Math thing.  Or maybe it's OOP.  :-)


bill