Wondering if there are any updates?
24 replies (most recent on top)
I for one am absolutely certain that a micro market cap company can pay off 4.2 billion dollars of debt. But for transparency I did just have some mushrooms.
Beyond toast people.
Breakfast is served.
You are the main course.
Enjoy……
@fy You cant keep up.
@fs it’s funny that you call someone a name just because they don’t see the sh-t you see as dark brown vs light brown. There was nothing ca said that painted the financial situation in good light just didn’t use the same terms you were using. Humorist response if you ask me.
No you are wrong
@ca Balance sheet is garbage, not “far from healthy”. Every metric in the earnings release was negative. “Missed cash by $50m but still on track ytd”???? That is nothing more than fairy dust. Revenue growth by leaving the acquisition out of the prior year is a parlor trick. Legacy XRX is down from a horrific prior year. You do not have a clue.
You’ll take Nothing and like It!!!
Hey Judge!! 1000 bucks this place is a parking lot for a cemetery. Whoooo…
But I’m sure it will do wonders for your portfolio. 🙄.
LP Announced how Xerox is the next Meme stock.
@c3 I think it’s key to remember that some people on this site are doom and groom with unrealistic timelines. People typically (human nature) want things faster than they typically take when they want to see change.. positive or negative. I agree with the above statement about Chapter 11 being a 2027 issue because Xerox needs to burn though the cash it has on hands, fail to make a payment to the JV and/or pi-s off some large vendors (Microsoft or a large chip supplier) for example that create an environment where if we can’t pay our bills we will actually be cut off from services or components needed to delivery our products.
Xerox balance sheets are still far from healthy and there still needs to be quite a bit of actions taken (layoffs and moving workloads to global operational centers for example) to help strength the balance sheets.. the question is (and I doubt these steps) are these steps going to be enough, in the right timing and enough to strength the balance sheet to ensure we can pay our vendors and the JV before we trigger any funding events.
The fact that we did a VRIF program and we know there are going to be IRIFs going forward continues to point to we as a combined (Xerox and Lexmark) organization is still too large for the new organization and we need to rightsize our staffing to adjust for the merger not to mention the rightsizing we need to complete for the financial situation we are in.
But at the end of the day the risks we have haven’t gone away because our board released a CEO and our stocks and financial numbers aer reported in good light.
@c3 CH11 probably won't happen until 2027, when S&P Global projects XRX will default.
https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3473444
You mean he didn’t announce the Goodwill, Chapter 11, or that we are closing shop next month like everybody says? This site is disappointing me daily. I may have to go back to reading the Weekly World News for real tidbits.
@az
All this talk about transparency is not very transparent.
They want to retain top talent with what, food stamps?
Money talks and it doesn't sound like any merit increases anytime soon.
LP thinks that what he told Wall St moved the needle, nope, short squeeze.
So once it goes "bo-m" does that mean Wall St quit believing?
I truly believe they have lost the employee base. Confusion, panic (am I next) and lack of communication has done way to much damage. Just collect a pay check and hope it does not bounce. Wall Street we have a 10-67
@at be interesting to know how many staff left in each area to get rid of. If you look at amounts of jobs going in Cebu then I would guess if you are currently in a similar role anywhere else you may need to start looking behind your back
@aj he needs to articulate that to save the company he needs to cut 10k jobs. Why the delay? If you are serious about saving the company that is that most obvious common sense thing to do. But no - they don’t want to do that. Literally have no money. They are sugar coating all the facts. It’s crazy. Be open and upfront. He can’t and won’t do it as he knows the reaction and the toll it will take on the stock.
@ag
Are they done with the layoffs?
@ah It's a short squeeze, and he knows it. The face he is acting like the stock is up b/c of any good news proves what a fraud he is.
He did a good job, very articulate and clear
Sounds like numbers that needed to go up, went up. Numbers that needed to go down, went down. Trending in a good direction. He did throw out that just as the markets have bought in, they can buy out....
@ae Yeah, around there. That is 60K per 7.5 months on 5,000 humans. I would say higher, like 6-7K
Blah, blah, blah. Stock price is up and that's all LP cares about.
300M in cost savings this year alone from reduced gross cost :) Do the math, how many layoffs would that require? My guess is about 5.000
@a7 Thank you!
1030 EST. About an hour from now. Make sure you come back and post your thoughts here.
@OP
10:30