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A123 Systems (AONE +8.6%) rallies after company officials state they've cut 350 jobs at two...

A123 Systems (AONE +8.6%) rallies after company officials state they've cut 350 jobs at two Michigan electric car battery plants, on account of recent order cuts from top customer Fisker Automotive. A123, whose shares are down 76% YTD, says it expects Fisker's orders to rebound in Q2 2012.
Comments (1)
  • wyostocks
    , contributor
    Comments (7699) | Send Message
     
    Besides the fact that "the customer" received over $500 million from Santa Claus in Washington, AKA The President, this just shows how screwed up the stock market is.

     

    Lets get this straight, the company lays off 35% of its employees because it has no business----and the stock is UP 8.6%?
    So, if they lay off another 50 % the stock should REALLY REALLY rally.
    29 Nov 2011, 03:17 PM Reply Like
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