Hahahahaha.
So, yesterday, my company announced that we had posted a profitable quarter. Yes, that's right, for the first time in thirteen quarters, we made money rather than lost it. Yep, folks, that's more than THREE YEARS of consistently *losing* money. And hey, it's a small profit, as these things go, but still, I wouldn't sneeze at $77 million.
Here's the crack-up, for me. Our stock has finally started to take a bit of an upward trend, and it's now hovering close (sort of) to three dollars a share. Last week, it was hovering closer to two.
So, woohoo, our stock is going up, right?
Except that every single one of my grants of stock are still amazingly far underwater. A couple of years ago, when the dot com bubble burst, and took telecom with it, and all the company's troubles were announced, we all got a grant of stock, with a strike price of around twelve dollars. 'Oh, it won't go any lower than that!' Ha!
But the worst one? The initial grant of stock I received upon being hired? The strike price of those shares is $76.
Yep. $76--where it will never go again. Ever.
Still sucks to be me. :)
Posted by Liz at October 23, 2003 07:55 AM