2 years ago Xerox presented quite the smoke and mirror show, including “ Xerox anticipates that it can achieve flat to growing revenue by 2021”. Folks, 2021 is here. 2 years into the 3 year strategy, little has been achieved, but the pandemic has allowed Xerox to get away with completely avoiding this latest failure to deliver, using the COVID-19 crisis as their cover. There is no strategy update. There is only talk of “standing up” business functions, which lead seasoned analyst to go “WTF does ‘stand up’ mean?”. The ability of Wall Street to go “huh” without further and publicly challenging these statements indicates these outsiders are not fully aware of the extent of the misrepresentation skills of Giovanni V and company. Thankfully, Morgan Stanley and other firms seem to be willing to start calling out the reality vs. “the story” being told by XRX.
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Let's get on the Reddit Wall Street Bets site and start pushing people to short and sell XRX stock.
Will be cool to see shares drop below $15 and watch icon try to profit off selling one of the units. Buyers market...
Big players are like ocean freighters - it takes awhile to change direction. Institutional holders of XRX must be seeing the handwriting on the wall by now, but moving those share volumes must be done carefully and consider how long the yield may remain viable and if price drops are sufficiently covered via short positions. Retail buyers are more agile, and once we start seeing further analyst downgrades and the inevitable consensus toward “strong sell” , accelerated share price decreases will follow. Speculators will do well do short XRX in this environment.