https://au.news.yahoo.com/declining-stock-decent-financials-market-121736572.html
Market is noticing.
8 replies (most recent on top)
Just imagine what the stock price would be without the buyback
Well over $2B has been wasted over the past few years on stock buybacks, so at least 40% of the current market cap of just over $5B.
So the real share price is roughly $15
Or put another way, DXC management have wasted $2B in profits/loans to prop up the share price/market cap of $5B when they turned down a $10B offer to buy the company from ATOS
Just imagine what the stock price would be without the buyback. A buyback is only done to prop up stock price for the execs.
Market is noticing how "sit" they are running the company, stock price has now sunk to $22, keeps falling close to that $20 mark. Was $36 when Mike took over.
Just imagine how much money Mike and Kenny have lost the company doing the share buy backs at $28 + when they can now buy shares at $22.
They keep trying to do buybacks to inflate their shares/pay but its not working. They haven't paid a cent to shareholders in dividends for years.
What a disaster, Mike and Kenny trying to skrew the company for themselves, fiddling the shareholders and the employees for thier own gain but its backfiring.
newbie.... the only bending over by management here is bending over to stick their noses in the trough.
You'll learn.
Hope you negotiated a good initial pay package because its your pay the same every year until you leave.
@loe+1ms9bToy,
What planet are you on?
Are you even in the same universe?
The top level are bending over to milk this SH1T company dry.
Am a newbie here, but wonder how can people be so negative when the senior executives are bending over backwards to get things correct here!
Because transformation journey after six years sounds too full of sh-t. We've had to come up with a new marketing buzzword to keep the delusion going.
Please - you are embarrassing fellow aussies. Its computer generated clickbait for simplywallstreet.com
You dont need a weatherman to know which way the wind blows.
And you dont need simplywallstreet to tell you how bad dxc is.
And the real analyst are worse. One of the leading (german banks) has been calling DXC a buy since it was $90 plus. So if you followed their advice you would have lost 70% of your money.