SB in response to one of the canned questions; "it's impossible to forecast quarter to quarter for Wall Street". Wait, what?!!! I thought that is your job. Then he followed with a telling slip of the tongue; "That's why companies go private and can come back out on the other side". He's done a yoemans job of plowing the share price into the ground and now he's hoping for a buyer to execute the plan his boss Carl brought him in here to do in the first place.
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@gk Yes Mr. Troll, and so are you
Whaaa
You guys are still here?
You people are like bo-b disposal people that take way too long to get rid of the problem.
Grow a spine and walk out the door into reality. In less than a month you will be glad you did. Fake fantasy land is over. No magic bullets or potions. Long past time to bug out.
It’s impossible for Xerox. Planning process is full of BS. If you are honest in plan, it just gets tasked. The old planning story, bad news today or bad news tomorrow. Planners always choose tomorrow.
the townhall was a complete disaster, SB spent the entire call trying to justify why the results are so bad, and took zero accountability for his 5 + years running the show. It was strange that he kept asking the Xerox employees to support him. It sounded like desperation. When he hedged on employees raises, everyone on the call knew his raise was still in the plan for 2025, why would anyone think otherwise when him and JB got huge raises in 2023 and 2024 and they missed their targets by a mile. Heck, JB leaves for some strange job managing a vet company and SB still kept JB on the Xerox board at a big $$$?
LOL. Super delusional, here's why:
1.The debt load is too high, I mean WAY to high. We are at 700% Debt to Equity now, and it will be well over 1000% on the next earnings call.
- Whatever value is left will be on sale in CH7. The "soft" landing is CH11 and reorganization, thing is, you need to prove to the Bankruptcy Trustee you have a plan to reorganize, and then you actually have to do it. They can and do refuse CH11 reorganizations and force CH7. Only 10%-20% of corporate CH11's make it out the other side. If/when they file CH11, it is just a delayed CH7 90% of the time.
This is the sad, delusional rambling of a man who knows he's lost.