Xerox is asking for credit note swaps to move the 2028 note moving maturity to 2030.
The $55M is still due in January, it will be rolled over to be due in 2030.
This company has no chance of ever paying 4.3 plus billion down with 10 million free cash flow.
This stock has no value at all now, how are people buying still.
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Xerox has now like late Sears or Kodak.
So sad to see them dying slowly.
And sorry to pension funds and junk bond ETF holders who still own Xerox bonds.
Dude, stop rambling
@dm Rambling? You have seen the stock price correct? So all the analysts on wall street are rambling too?
Maybe you are not the expert you think you are.
You were warned, but knew better.
Maybe you should realize that sometimes you need to trust someone somewhere somehow.
Especially when you have no one left to trust anywhere.
Not everything in the world is evil. But you need to look out for yourself and be aware.
Probably to cover a short position.