Remember, Xerox's only interest is to its shareholders. Period. They barely give so much as a nod to the people actually propping up this company and doing the work. For those of you have forgot. the only goal here is for Icahn and his shareholders to get to 40/share and then he's out. He will do this by any means necessary. Look at the other companies he's decimated if you want to know how this will end. We've got about a year to go.... or less.
Couldn't agree more, @kwk+176kCakg.
"Remember, Xerox's only interest is to its shareholders. Period."
@OP+17c9ies1, what company doesn't?
If you didn't see it before, then, open the window and take a look to the world.
Icahn has been involved for a while, but only turned 'activist' in the last few years.
Icahn has been involved for almost 6 years...
With icon around now, believe it or enjoy lala land
People in Xerox have been telling me for over 20 years that we only have a year or two left...
This phase of an Icahn takeover isn't about making money...it's about gaining major control which equates to leverage when it comes to selling/breaking up the company...that is when Icahn lines his pockets with serious cash and destroys a once iconic company along with destroying thousands of employees lives....And my guess since that is his MO that he probably sleeps really good at night!!
If this is the case why has Icahn purchased over 4 million shares of XRX since August? He knows something we don't, why else would he be doubling down on this XRX investment?
Sorry Charlie, too late for forty!
Likelihood of bankruptcy is 45%
https://www.macroaxis.com/invest/ratio/XRX/Probability-Of-Bankruptcy
Between failing to bully H-P into a deal and the impact of Covid-19, Xerox is not getting to $40 ever again. That said, the stock has been hovering between $15 and $19 for the last 6 months now and is likely to stay that way until there is another major market correction or the company files bankruptcy. Carl will be long gone by then. In the meantime, he’s going to bleed as much money as he can out of Xerox via stock buybacks and the fat dividends the Board has been declaring so he can recoup at least part of his investment.
Never, ever going to hit $40.
He's not getting $40. Maybe a year ago he could have.