Thread regarding CDK Global Inc. layoffs

Tough calendar in 2019

Every $1 the stock drops now is $138,000 loss for BMc. If there is a weak Q2 (and I think it will be) I could foresee it falling another $5-7/sh before end of Q3. That is half the value it was just 9 months ago. Under the Accelerated Share Repurchase plan, CDK will purchase another $500M of stock this fiscal year. I don't know who is going to loan them the $$. With $950 loan about to come due and unfavorable lawsuits pending, the new CFO will start Q3 treading water. Entering a Bear market with no cash on hand is going to be a tough calendar year 2019. Probably another round of layoffs after the holidays.

I reposted this from @WwdtUFz-9haw for being on point.

by Anonymous
| 2801 views | | 5 replies (last December 24, 2018) | Reply
Post ID: @OP+WFdiHpk
Comment! It's anonymous!

5 replies (most recent on top)

No facts just speculation based on the income statement posted on the Blomberg. More layoffs are coming soon. eLead thus far has been a bust for CDK at 525 million investment. Connected Lot (Red Bumper) has been a 35 million loss with unhooks at 4/1 ratio, company expects to buy back another 500 million in stock, 804k in cash on hand and the stock down another 1.45% to 45.57 as of Dec 21 2018. The Titanic has struck the iceberg and Reynolds and Reynolds is standing on the shore waiting for the final bellow of smoke from the USS CDK before it sinks below the surface for the last time.

by Anonymous
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Post ID: @7icb+WFdiHpk

the old pump & dump and walk away

by Anonymous
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Post ID: @3rhn+WFdiHpk

Zacks downgraded CDK to a Strong Sell (worst rating) back in mid-November.

by Anonymous
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Post ID: @3tlc+WFdiHpk

So Brian Mac gets to half the value of the company stock and walk away with 8 million? Hire me next! I can reduce the company value another 25 percent, and I'll do it for just 6 million!

by Anonymous
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Post ID: @1oeo+WFdiHpk

Thank you for reposting.... facts do speak for themselves... another point I meant to mention... Elliot Management Group reduced its holding in CDK Global by 87.43% in November... I guess they saw the writing on the wall. Speaks volumes. sold over 4 million shares. Made a killing. Destroyed a company by inducing fear of takeover. Credit Paul Singer and Jesse Cohn for starting the catastrophe; BMc's defense was to put the company into massive debt, now just shy of $3Bil. Walks away with an $8Mil attaboy award added to the pot. It will be interesting to see how long he holds his stock before it becomes junk.

by Anonymous
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Post ID: @1tkm+WFdiHpk

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