SteveB says “ Q3 results demonstrate no single quarter or performance metric in isolation defines our Reinvention” - surely Q3 results show your leadership is not working and Project Reinvention is fatally flawed.
You even want to train an indoctrinate us with this garbage.
Cue another dramatic drop of the stock - below $9 today ?
Realistically no buyers. Realistically nothing to sell. Do you think the CEO would be constantly yammering about a non existent reinvention if there were any buyers? Now he expects investors to believe the results are amazing, but cannot be measured by metrics, and only his incompetent staff can understand. I smell continuing revenue decline and an SB exit "to pursue other opportunities". That wont help though because everyone on his staff is just as bad.
Realistically, how much longer until Xerox sells? I would think investors are already hinting at this or already in planning.
The kool aid drinkers build him up on LinkedIn. Perfect way to develop a list of people never to hire is watching who likes his posts. Bunch of offshore vendors kissing his butts cuz they know he will sign right up. Probably another 3000 IRIF's by Feb.
Only 2 investment houses had questions so they ended the call early. Never saw that before.
Sadly it might end below $8 if this trend continues.
Not working as advertised, eh? Fascinating ... .
I heard a lot of "the dog ate my papers" from the boys on the investor conference call today. They even blamed the hurricane. This is getting sadly more comical by the quarter. Xavy even slipped in a "we are not going to see the $300 mil in free cash flow that we promised.....blah blah blah", which was thee promise of the reinvention.
Already below $9/share. Premarket trading $8.47