Desperate times call for desperate measures. The dividend has got to go. It's only $13m a year, but XRX needs the $$ to pay interest. XRX should have fully eliminated the dividend when Carl left. Also, how stupid would it be to issue more shares without cutting out the dividend. XRX must go into serious cash preservation mode.
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The stock burns great in the fireplace. No need for kindling wood. Stock up now.
@e4 only 1.20 or so to go before it’s Less then a buck - right now it’s what 2.14 or so a share?
@e2 True, but that is diminishing every day. As XRX slouches towards oblivion, it is being removed form more and more weird little indexes (removed from the good ones years ago), and the funds will follow.
When the funds pull out - and they will/are already - that is when we get to sub $1 pricing.
@e2 no, the main reason for holding Xerox stock is because of ETFs.
Our main shareholders are Blackrock, Vanguard, State etc. and they all hold Xerox because they offer their clients ETFs such as: All Tech, US Tech, US Small Cap etc.
There are barely any retail investors left either, the stock is as close to dead as possible. Removing the dividend won’t honestly impact much as the above mentioned orgs are still forced to hold shares.
the dividend is the only reason to hold xrx stock
Increase the Dividend!