Any news that drove the 11% Decline in Xerox stock today (March 6th, 2024)?
6 replies (most recent on top)
Exiting manufacturing of iGen, Nuvera and InkJet products
Wow, feels like only a month ago the kool aid kids were running in circles, waving hands in the air, going crazy about xrx going up a few bucks…Talk about a sugar crash.
https://m.youtube.com/watch?v=VRrMu7B1L2I
Oh no … more bad news?
Still overpriced… Kodak up 5% yesterday.
So, let me get this straight,
You’re saying I’m broke?
They have no cash left. If you notice they have offered and extra $50m to make it $350m worth notes (hedge fund shares) to the market big investors to be redeemed in 2027 at $28 a share. This is purley to get a cash injection to pay off the debt and a concern or liquidity I.e they have run out of cash to pay for stuff. The market did also have a slide on the day across lots of shares.