Quote:
Originally Posted by KC Jones
I'm in a Financial Services company 
However I feel pretty secure. We sold half the company last year that was health insurance to focus on our retirement services record keeping (that's the part I work in). We're flush with cash from the sell and looking to buy up stuff on the cheap as banks fail or are in trouble and need to sell off their record keeping services. We're also one of the cheapest in the market so when companies look to save money we may get more business. |
I know it sucks when the higher ups freeze raises, etc... but it sounds like your mgmt team has a pretty good head on its shoulders. Maybe it backfires, but if your company has always been strongest in retirement services, selling off the weaker part to get capital that can be used in a down market is a great approach.
You make most of your money when there's blood in the streets. Companies with forward thinking leadership will be in exceptional shape in 12-18 mos.