$1 billion share buyback announced while they have $500 million they still need to repurchase from the last buyback.
At the same time...the leadership team has wipes out the last 6 years of growth and gains.
They are basically gaslighting shareholders at this point as I'd rather be able to dump ally shares at $250 as opposed to $98.
The announcement didn't help stock price as it only stayed in the green for the first hour and a half of market open.
7 replies (most recent on top)
@241
They keep getting bonuses to go with the flow.
Chairman of the board is also our CEO... how's that work.
She's not going to vote or fire herself and neither are her "fellow" (not "ours") boardmembers. They all have $ and the lives of everyday workers don't matter to those types since they're in the 1% social class...and I feel money isn't the root of their actions but rather, power.
At what point does the Borad say enough and replace the C Suite....or are they intentionally deflating or stock so we can be positioned for a purchase or to go private equity?
I’m glad I sold my stock when it was above $200 to fund the renovation of my kitchen.
Oh brother, can she literally come up with anything else? At this point this is just bribing the board so our CEO can keep her job, i would fully support us giving the ceo role to copilot. “We will continue to buy our own stock until prices improve”
@as I'm not a financial or stock expert but when comparing the median stock price before, during and after covid, it stands to reason that most of CDW' stock growth was due to covid and the demand for creating and supporting our customer's need for remote worker support. Now that covid has past, the stock price is coming back to pre-covid prices. If CDW is to increase stock prices again, it needs to do so with new and better offerings and solution sales.
We still got a ways to go folks before we hit the bottom. Our EBITDA multiple still high, even at 100/sh today, vs our peers...
CDW currently screens around 10.5x–11x EV/EBITDA.
ePlus currently screens roughly 9x–10x EV/EBITDA depending on provider/methodology.
Insight/NSIT screens roughly 6–7x EV/EBITDA currently.
Presidio’s BC Partners take-private transaction was roughly 9.1x LTM EBITDA
Ingram trades at 6-7X EV/EBITDA
TD trades at 8-(X EV/EBITDA.
CDW price at 9.5X FW EBITDA is low 90's.
Basically this stock is repricing to non-premium as the acquisitions are all now just industry table stakes, but the freefall should have been probably been expected anyway. It would be nice if leadership could just say it instead of all the deflecting.
@OP
Guessing another year of no holiday bonuses?
Experts at burning money at this point.