Curious to hear opinions on why anyone would own XRX. It’s got obvious downside risks and no growth potential. Yet another dismal earnings quarter, but the sell off never really happens. What gives?
3 replies (most recent on top)
Xerox has gotten away with their smoke and mirrors reporting for years. Stock analyst don’t care because they make a commission buying or selling. They help push the same tired narrative that Xerox is turning the corner on profitability and is a good investment.Buyers Beware!
I think people follow icannt ,If he has stocks he has something up his sleeve so they follow suit.
Decent yield draws the dividend crowd who don’t have inside knowledge of the circus underway internally. Retail investors get hoodwinked. Institutional holders are biding time to get out, but are not long XRX. Lots of pain and regret coming for all of these holders.