This article may have influenced the stock's performance today:
https://www.marketwatch.com/articles/xerox-stock-is-down-50-this-year-why-j-p-morgan-says-you-should-sell-51595604367?mod=mw_latestnews
10 replies (most recent on top)
Anyone can tune into the earnings call here:
https://investors.xerox.com/investors/presentations-webcasts
If you are still holding on to XRX stock or options I would sell ASAP.
Is the earnings call available for employees to listen to, or only the suits?
A delisting notice should follow after Tuesday's lack of earnIngs call
Anyone not spending 100% on finding a job outside of XRX has no one to blame on the breadline than themself. Anyone “riding it out while it lasts” either has great self-confidence that they can quickly find something else, has LTIPs, or don’t need the money.
Great argument to have between ex-Xerox employees when ya’ll on the bread lines together.
Share price isn't a good indicator for most folk on here. What bugs them, is continued downsizing, but nothing gonna change the fact the people don't need to put toner on paper at the same volume as before.
Ichan bought a t–d this time and there is no easy exit, he needs to weather it out. Sorry folk more cuts ahead.
BYE BYE BYE
States "it's time to abandon ship" and revenue will be down 32% this year
Ya doesn't take a rocket scientist to see that nobody is printing, there will for sure be more cuts coming and more outsourcing
To note: “J.P. Morgan analyst adds that management could get more aggressive on cost cutting to boost free cash flow and profitability.”
Oh yeah . Big cuts are coming. Big, big time.