Great job Chris and team. Still poor fundamentals but have to celebrate the good moves too! In at 98.
26 replies (most recent on top)
@zf true that. I read why companies do that and you are 100 percent correct. Fake success. Thank you for explaining that.
So in other words, we still su-k!
@OP Your an id--t. Take $1 billion dollars out of cash and buy back your own stock to push the price up. No different than what they do in Washington. Keep spending money you do not have. Washington can print more - CDW cannot
@nn who are CDW competitors? I ask 3 people and get 3 different answers. One was a VAR one was a SI and one was a consulting company ?? Idk
@OP It’s in the same place is was 5 years ago biting the biggest tech bo-m in 30 years. That’s not fire. That’s flat.
@nn "Necessary evil" Meanwhile managers already let it slip that the outsourced team is costing us tens of millions and customers are canceling their big project orders because of their mistakes. You get what you pay for, they can't do anything without looping in some overworked rep to tell them what to do and its been over a year of them being here. Maybe the necessary evil we need to get rid of are these multi-million dollar bonuses we are giving to the executive team
Lots or differing opinions and blame it seems like.
I for one just play the game. I put my years in and saw issues long ago...I just took care of my customers the best I could throughout whatever was going on.
I saved my money since I knew the value was time and years of life spent to earn it.
Well one day I had enough and quit...because I didn't just have CDW as my sole way to make money, I was able to just leave randomly.
My advice...smarten up. Your time could be coming but if you survive...just know leadership doesn't care about you or what you bring to the table. Everyone is replaceable...including C level and VP's (some of which have already been replaced).
Get your money right and you won't have to worry about a layoff.
@nn
The "necessary evil" you referred to actually doesn't save CDW that much $. Hiw many were outsourced x annual cost of them....drop in the bucket. Let's say 1000 coworkers making $50k ...that equals $50 million (Leahy alone gets around $20 mill yearly). You're necessary evil actually hurt earnings as AP/AR weren't even sending invoices on time and also letting past dues age more than before. A sales company not collecting $ ... insane.
People with your mentality need to move on instead of telling others to! Who are you to tell another coworker how to feel either positive or negative. Like really...who do you think you are compared to everyone commenting on this site.
Another opinion would suggest that the people you're suggesting to "move on" care more about CDW than you do since you just go with the flow. I'll generalize and state that your type is actually the reason why CDW is in this mess coupled with leadership that was in over thier heads when they accepted the job.
Keeping up with the competition that we say we're better than but you're saying we need to "keep pace and keep moving forward" ... so we want to be on the same level pf the companies we say we have competitive advantage over. Also...keep moving fwd just piling on mistakes. It's OK though since we're propping up our stock not based on performance but rather buying back shares for a fake boost. NVDA bought back $80 billion in shares because they are crushing earnings ... what was the reason for Leahy and her team.
Ending with...if you don't care for the coworkers that brought the company this far...than why should anyone care about you or anyone else. Start holding people accountable instead of playing favorites.
Being honest...CDW's hiring practice isn't what it used to be via lowered standards.
@j3 It was unfortunate but a necessary evil. We have to keep pace with our competitors or we fail. This isn't a CDW thing it's an industry thing. We have to keep moving forward regardless of how we "feel" about it. It's a corporation. Again, if you are going to stay stuck in the past and be negative and wish the company to go down in flames then that's a you problem. Move on!
Kudos to the executives on the contract in the UK and the rising stock. We still don’t like what is happening at our company but we have to call out the good and hopefully it will prevent layoffs! Keep climbing should be the new slogan and hopes for us.
@hz
Any "friends like family" in backbone that got outsourced overseas and had to train their replacements to get scraps of severance?
I'm sure they're currently optimistic as well and had friends like family at CDW too.
Guess anyone who isn't optimistic should go to another company huh because of thier negativity BUT the real NEGATIVE has been the slide from $255 to $140 and reduced commissions.
Way to motivate a sales org.
@hq yeah well guess what? I’m not. I just don’t wish ill will on a company that I have worked for, for over 15 years. I have friends like family here. I want nothing more than to see us coming out of this successful. Sounds like many people on this site are thriving off the sh*t talking and drama. Go work somewhere else!
@hp
Could've bought Dell and HP recently and made $$$.
They are booming with AI being placed in physical servers and hardware.
Hmmmm.... why isn't CDW reaping some of those benefits...do we not sell Dell and HP
Crowdstrike, Palo, Broadcom, Intel, etc etc.
It's the job of leadership to be ahead of tech trends and get involved early (missed the boat while placing huge bets of services).
@gh
You sound like management.
I'm guessing you're not in a role that can get outsourced (wonder how all those positive optimistic people that were in backbone are feeling after training their replacements in exchange for a severence package).
@d2 yeah I'm not an executive and I sold around 2 years ago. I guess if I had a time machine I’d invest in NVIDIA 10 years ago but that is neither here nor there boss. Buy low, sell high.
@e0
Please never invest on your own...
The stock went from $255 on April 1st 2025 to now under $140 (was under $100 before the share buyback).
Fair market/market consensus is $147 from current price of $138. The fair market/market consensus has the $1 billion share buyback factored in as well as the buybacks already approved along with Leahy's guidance during the recent earnings call.
So from $255 to $100 in 2 yrs...and now $140 by propping up the shares.
The only positive is leadership is facing increased pressure from shareholders and that spending $ on share buybacks and increasing dividends...takes that $ out the hands of leadership (because we know they aren't good stewards of $...guess thats what happens when you put a corporate lawyer in charge).
@e0 I love your optimism. I agree. Dust is settling and we will successfully march forward. Those that can’t support that, need to move on and take your boo hoo negativity to another company and weigh them down.
I guess, regardless of the reason, I am thrilled the stock went up. I just hope we can keep it up and get it back over $200 again.
It has been relatively calm the past few weeks. No new SVPs hired, no new strategies out of left field, just letting us all execute. Kind of nice.
@d7 No, the company is turning around. All of the good news is finally being seen. Our AI strategy can’t be beat because no matter who you are we have a solution for it. Sure there are some buybacks but not 40% worth. We are getting noticed!
@cq That's exactly what this is, the company is purchasing its own stock which is making the price rise.. Other than that we still are sc--wed.
@cw
EPP that provides a 5% discount and does a lump sum purchase later on in the quarter or pay cycle.
Anyone doing EPP actually saw their incremental 5% discount per share evaporate.
Under this leadership group....they set the stick back 5-6 years.
Would've been better off investing in Nvidia, Intel, Crowdstrike, Palo Alto, and the list goes on.... look at Dell.
Leahy and the Board gambled on Services and executed acquisitions and mergers and mismanaged the process.
Stock is back to where it was before and only because the $1 billion ADDITIONAL stock buyback, continued dividends, stabilized earnings (instead of 1-2 yrs of straight declining quarters), and the comments about AI which means leaner workforce.
EPP for the grunts...while execs and C level get "awarded" millions of $ in stock.
Until stock is back to $250 and goes higher...CDW is treating water instead of drowning. The $1 billion buyback was leadership throwing the company a life preserver basically.
@cb you missed out on a ton of money if you passed up the EPP
Probably up from the buyback. Nothing has changed fundamentally, we'll see if the slide continues.
Like it or not, plenty of Coworkers have used EPP (employee purchase plan) and plenty of CDW Coworkers (and their family members) do own CDW stock. It going up does help some of our Coworkers and it certainly is good for our company. I'd love to know WHY is it skyrocketing though. It is a little weird.
It benefits if you invest. Even though she is bad, we have to give props when due. We need to always lead with fairness and honestly!
Fantastic!
Remind me again how this benefits the worker bees.
That’s HOT 🥵.