https://simplywall.st/stocks/us/software/nyse-dxc/dxc-technology/news/is-dxc-technology-nysedxc-using-too-much-debt/amp
3 replies (most recent on top)
Yes, plain unsustainable. Cuts will have to start.
Which id--t would borrow money to buyback shares? Imagine would you really take out a loan to play the Stock Market and buy low quality stock such as DXC?
There's $1.8billion in the bank account which could be used to pay off some off the High debt.
Mikey keeps saying that the shares are cheap to buy, but in his reign they have halfed from $36 to around $18, its clear the market knows they aren't undervalued and to fall further.
Just another way for them to exthort money from the company, no wonder the call the new CFO Robbing Dela Bean counter.
You can make this up, the scale off the manipulation that's going on by the Execs.
According to the chart in this article, DXC is almost back to the same level of equity that is was at pre-merger (When it was just CSC). It's like all the equity in one of the companies that merged just VAPORIZED in the last 3 years. That 130K number has to be cut. I smell layoffs very soon...