Another ridiculous result
16 replies (most recent on top)
Womp womp womp 📉
Buh bye
“Xerox Stock is on Fire!”
https://m.youtube.com/watch?v=1iaqy5KF9eU
SB even says it in the slides. Sell receivables, increase dividend (to himself) and optimize operations which is not so secret code for layoffs. They turned XRX into a wealth transfer machine to benefit 20 people to the detriment of thousands. I feel bad for the serfs.
I don’t think the plan is to sell. Who would buy? I think SB and his serfs are going to continue paying themselves and attending F1 events until the cash is gone and they cannot borrow any more…. Nothing Dr. Evil says makes any sense or even sounds true.
Shocking loss not good
It's so obvious. They didn't synergrize the synergies at full strength resulting in a downturn of the go-to market with tarriffs, covid and economic uncertantly playing a factor with IT and Ai logistics.
See, SteveB, I can write emails that say nothing too.
Why can't you just admit your entire role is to compact this company into the smallest, portioned portfolio you can so that it can be purchased by someone else? Xerox is a hub, a middleman who makes nothing and sells other companies products. It is worthless so you had to add Lexmark in because they have staying power. Are you just not allowed to say that it is the plan all along? Nothing is worse than a shyster who can't just be upfront and tells it's employees that we are the ones who have to work harder. Why, so we can't see what you're actually up to? Would that ruin everything you have undone that other people have worked so hard for?
They're reportedly badge engineering kyocera production csij presses, telling in that they canned their own not long ago.
Their bond rating is Bb-
That is junk bond status.
@dw 240 mill worth of cuts coming
@OP insane result. I’m not financial scholar and I guarantee half the audience don’t understand what they were babbling on about- but 71 cents loss is staggering. Let’s not forget S and P downgrades them to a B due to the debt and I guess this is all now showing. Not really sure how long this is sustainable? So what - wait until Q3 for the turn? Tariffs go into effect tomorrow and I don’t think there is any further delay here so add that to the wound - a shocker.
Cue the cuts soon
SB is still talking about LEX acquisition. All he works on is how to pay the EC more. Some of his loyal serfs are about to get the shock of their lives.
I post a lot of $hit on here about XRX, but wow those earnings were bad. This was supposed to be one of the good Qs of the year and they lost a ton of money. What happens when the Lexmark debt is added? This will all end badly.
You ever have a moment where you keep reaching into your empty pocket and about the 8th or 9th time you do it, you finally pull out a $20 that wasn't there a minute ago?
That's what they're essentially hoping for.
The corporate spin buzzword machine probably caused that earthquake last night it was working so hard to write tomorrows e-mail.
No matter how bad this one goes, the next Q will be worse. One the Lexmark debt and earnings are formally added to the books, it will be a real horror show.
They added $1BN of debt to a company worth less than $700 million. Good luck with that!
You’re not wrong, just premature (and probably prophetic). Q2 earnings call, and the release of said ridiculous results, is tomorrow morning.