What's coming next? I don't think it's difficult to see. The company and the entire print industry is facing an accelerated demise on a known trajectory, office printing is about to be as valuable as 35mm Kodak camera film. This idea that Xerox will become three new businesses is a blatant, shameless scam, a stall tactic. Bankruptcy looms large on the horizon and the company needs to be sold ASAP.
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Wall Street (SEC) has been fooled into thinking Carl is not controlling the company operations, because Giovanni is outright lying about it, so that he keeps his job.
Wall Street investors continue to be duped by official Xerox (Giovanni driven) statements and are not looking at really c-appy past performance of Icahn Group attempts to "unlock shareholder value". Someone brought up Conduent - just one shining example of how company's that are controlled by Icahn board members (Stepen have failed to deliver, at great expense to those ex-employees caught up in the "restructurings". Not to mention the multiple excuses and rationales provided by Xerox for failing to meet commitments. Investors in any company with Icahn gangsters on the board have no one to blame but themselves when "unlocking shareholder value" turns a company further away from solvency.
Wasnt the HP merger his "hail mary"? speaking of insiders how can he get away with his trading it seems blatently illegal?
Maybe he will short it like gamestonks
Carl needs a winner. He lost BIG time on Hertz and his oil stocks tanked with the Covid economy. I think we will see his 'big play' in 2021. With Carl the old play book was the pieces are (sometimes) worth more than the whole - so you bust it up - but, look at Conduent stock it was $15 and is now $5 - how did that work out? Carl is not a winner any longer - he is a super old dude. He has lost a lot more than he won the past few years. So buckle up - as we are tied to a crazy desperate old quarterback – look for a "hail Mary" play! You know it is not going to benefit employees or the customer - he does not care about building a business - and he will do anything for his Hedge Fund gain. You don't get the handle "Corporate Raider" with being a good business person (that is not what they call Warren Buffett) - but, rather Carl is a Pirate and Profiteer. Based on his past few years - I think we are in trouble - he has lost his mo-jo.
I've posted about this before - just look at the Board of Directors makeup - nearly all have connections to Icahn, one to Deason. If anyone has doubts about Icahn's intent, take a look at that crew.
Most likely he’s going to do just that. Carve and sell. With his insider knowledge he is loading up on stock for a big pay day - many will lose their jobs. You’ve been warned.