My DXC shares currently stand at a few grand. I'm obviously not Mike Salvino.
Here's the question though. Do we think this sh1t show is about to implode and therefore a good time to jettison those shares now before they plummet yet again?
I'm quite new to stocks and shares, so I'm interested to know people's general approach to buying and selling DXC shares which we get through the employee 'benefits' scheme. I'm not even sure if we've ever had any tax advantage in buying them. Are they essentially worthless?
7 replies (most recent on top)
Sell sell sell!
Stick it on a company that you know will exist in 10 years. It will probably still have the same logo, same culture, same ethos, and most of the same people. Its staff calls will focus on solving problems for potential customers, inventing new ways of improving productivity, making people's lives better, not obsessing about book-to-bill ratios. The sort of company where you genuinely hear people say "oh I hear that's a good company to work for".
There's an old saying that you shouldn't po-p where you eat. You are tying your financial future to this cr---y company.
@byo+1bf7LjXI - That's one of the problem why stock price is held back due to DXC's poor history from day 1 (CSC's latter years) under bad leadership of ML and carrying out disasterous WFR programs getting rid of loyal and hard working staff. Those that have been WFR have landed more plump jobs at employers that care more than their staff, along with DXC loosing invaluable contracts to other suppliers leaves a very bad taste in people's mouth - doesn't help DXC's reputation any good and would be wary to invest in company that keeps cutting and selling for long term return of investment
This is my financial and business advice - be careful to invest in company like DXC's with its bad history and reputation but at end of day it's your money to potentially waste and loose.
I'm sure with this new logo, share prices will probably start to skyrocket!
DXC shares have been generally thought of being undervalued ($40.6) when they used to average $56-58 and peaked at $100 for albeit a brief moment. So they have the potential to grow, providing the business can start to grow and demonstrate a healthy control of their debts and ability to grow new clients.
However, despite their alleged undervalue, there doesn't appear to be much appeal for DXC investment at the moment, as everyone is waiting to see what gets sold off next.
The promises of growing new markets hasn't happened at the estimated rate. Previous revisions on estimates under Mike #1, lost investor confidence of hedge fund owners, who reduced their stake. I think the largest Vanguard is 10% followed by Blackrock at 4%. (sounds small but it still significant).
I wouldn't personally invest in DXC, as it has been too volatile with shakey plans and risky. Plus, its not a company with big news anymore unless its selling something off.
But if I had of done, I wouldn't sell them at the moment either - I'd wait until next year (at least until workers return after the pandemic worry) and the markets start to improve. You might get a few more in your surrender value.
Of course you could put it into a pension with a managed portfolio and spread your risk (which will be lower returns, albeit with more guarantee of stability than DXC.
As previous poster said - look for professional advice.
I'd look for financial advice on some sort of stock trading website, not one where current and increasingly former employees come to moan....just my two cents of financial advice
Would cash them in - can't see share price rising any more and especially not back to day 1 price. Use the money gained on something else like reducing outstanding mortgage, investing in a new / existing pension scheme.