Bandy (BTC) has $cr€w€d everyone, everyone. Employees, customers, shareholders, and now shareholders again with watering down near worthless stock with an offering of more stock. Seriously, when is anyone who has a milliliter of business sense and decency going to publicly ask him to get out of Xerox? There's no next person who will magically turn this around but BTC has failed miserably for three years and counting. Remove the entire top structure of this loser assembly already.
2 replies (most recent on top)
https://seekingalpha.com/article/4861789-xerox-running-out-of-ink-strong-sell
Xerox Holdings Corporation receives a strong sell rating due to persistent financial deterioration and rising bankruptcy risk.
XRX’s core print business continues a decade-long decline, with sales, margins, and cash flow all weakening despite the Lexmark acquisition.
Debt burdens are escalating, with $2.3B net core debt (3.1x EBITDA, >15x FCF) and major maturities looming post-2027.
Recent guidance cuts, margin compression, and limited liquidity underscore the urgency of refinancing and structural business challenges.
The vast majority of the stock is owned by institutional investors (Blackrock is the biggest) and insiders. The public float is less than 15%.
The C level gets most of their money from stocks. If they file CH11,that gets changed to a cash compensation basis, EC and SLT have a perverse incentive to file. Most of their careers would be over, but they could su-k up the hourly for a year or two.
It's a longshot theory, but these are desperate times.