I wonder how long more before the market realizes that the current share price is unsustainable and start to drop to $1+ level? The addition of Lexmark will pull Xerox pre-consolidation price of $2 further down for the debt that is being accumulated.
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Yawwwwwnnnnn…..
It's an attempted short squeeze. The theory is to buy and raise the price where short sellers get margin called and cover by buying shares. None of the short sellers have sold, with 36 million shares short, which is higher than the start of the run up.
Really does seem suspicious that it is as high as it is. There are no metrics that support it. Unless investors are expecting bankruptcy to turn everything around.
Does the market think the company is doing well? - I’ve seen the odd article here and there saying they are on the rebound but it baffles the mind. Can’t even understand it.