Closing price today (3/18) $15.98 is equivalent to under $4 if you consider the 4 for 1 share combination done 2 years back.
This level is below Xerox share price in 2001 when it went into Ch. 11 bankruptcy protection!
Wow, John V is in deep s**t!!
8 replies (most recent on top)
Yes Xerox can survive as long as the employees want it to survive! Xerox has a history of creativity and I’m sure creative minds can propose new things for the company to do to support our new global situation.
There are chemist who can help. There are manufacturing expertise who can be repurposed and Xerox today provides technology services to critical needed services that are required in our current global crisis.
I’m a fairly new retired Xerox employee who weathered the 1980’s crisis and the almost bankruptcy in 2002-2003. Both times took commitment , laser focus, creative employee suggestions and sacrifice of all Xerox employees.
I truly hope those of you posting on this site that are predicting or hoping for the demise of this company are now former employees. In my generation you give your all to the employer paying you for the work you do. If your hoping for the demise of that employer; I can’t understand how your bringing your A Game and question if you deserve your pay check.
your health and family are the most important things in your life, corporate greed and their own self preservation can not be defeated, admin offices being empty should be your clue , they may say your health and welfare are most important , the only way to bring them down if everyone left at the same time , unity has never been promoted in this company, it gives them all the power to control us individually, be a person of change and adapt, look out for yourself first, you can not help others if you are gone your family needs you ,
HP stocks are quite resilient, this is because you can go and buy a HP desktop today and work from home, Xerox are not geared up and now will pay the price.Many companies will now either go bankrupt oweing Xerox a lot of cash or larger companies will want to rationalise their business after this, there for cutbacks on printing and equipment.This is the end of print.
Soon enough it'll be time to buy stocks (of other companies) on the stock market. When everyone is in full panic mode, that'll be the time to buy the good companies.
Fuji stock doing just fine
Less than 1% of outstanding shares are traded per day the past few days. That is driving current valuation of Xerox and many other companies.
Stock price means absolutely nothing in todays market. People are selling what they can to cover their margins.
The true test will be revenue Q1 and Q2. A lot of revenue is from government
Clearly the deal is dead but no one in Xerox management team wants to be the one to make the announcement.
If everyone is on hiatus and not printing you will see that post sale revenue go down really fast that are based on printed pages not to mention that no one will invest in new equipment. Further the banks most likely pulled the funding for the takeover which is the real reason behind the ‘pause’. It’s not a pause. It’s dead.