Thread regarding Xerox Corp. layoffs

So much bad news, yet amateur investors continue to buy in

Institutional money is running away already, or actively planning to. I feel a little bad for the novices who cannot or will not read. To wit:

Citi resumes coverage of Xerox with double downgrade to Sell Citi analyst Jim Suva double downgraded Xerox (XRX) to Sell from Buy with a price target of $13, down from $36, after resuming coverage of the name. COVID-19 will hurt the office copier market significantly more than other sectors, Suva tells investors in a research note. The analyst is more cautious on Xerox than shares of HP Inc. (HPQ), a stock he resumed today at Neutral.

by Anonymous
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Post ID: @OP+16F2ZRUz
Comment! It's anonymous!

7 replies (most recent on top)

Fooooolish!

by Anonymous
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Post ID: @3bxu+16F2ZRUz

You can’t fix stupid

by Anonymous
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Post ID: @3mfu+16F2ZRUz

That fujifilm idea is strange enough to make sense.

by Anonymous
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Post ID: @2vxq+16F2ZRUz

Maybe Fuji Photo is sniffing around again.

by Anonymous
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Post ID: @1mnj+16F2ZRUz

Yes, he sold out of his entire stake in HP (at an 18% loss I think) and bought more XRX shares, so he's betting on someone buying Xerox. HP is probably the only imaging company with a large enough balance sheet to do it, either that or some private equity group may buy it out and take it private, load it up with debt, then sell off the peices. Not a good sign for Xerox either way. Glad I got out when I did. Everyone still there should be doing the same.

by Bud Fox
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Post ID: @1yvi+16F2ZRUz

Icahn sold his HP shares and he’s all in on xerox. This tells me that at some point before YE we can expect an announcement and it won’t be in Xerox’s employees favor :(

by Anonymous
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Post ID: @1hix+16F2ZRUz

Many are buying it for the >5% dividend yield and ignoring the downside risk to the stock price itself.

by Bud Fox
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Post ID: @1vam+16F2ZRUz

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