Thread regarding Xerox Corp. layoffs

@Ycqfj9i-3mko - The Xerox website would tend to disagree with you:

https://www.news.xerox.com/news/Xerox-completes-one-for-four-reverse-stock-split

Looks like 2017 to me. Or, wait...you prefer it spaced out a bit. 2 0 1 7

Wow “NumbersGuy” really drank the Kool - Aid!

The post saying the $32 share price last May was prior to the stock split is as accurate as the rest of his Icahn propaganda.

Google it people, the stock split was in 2017 not 2018. May 1st 2018, that’s 2 0 1 8

The stock was trading over $32. It is now trading at $31. Just so you know, “NumbersGuy,” $31 is LESS THAN $32 (I sure hope you are not a tax accountant)... why don’t you help Icahn with a more pressing need; go change Icahn’s diaper.

His $18 plus billion is not enough to buy himself a ticket out of hell!!!

Which is where he is going for all the countless lives he has destroyed!!!

@Ycqfj9i-2gtz - Last May was after the Conduent split, and you are referencing a stock price prior to the 1:4 stock split in June. Let me break it out for you.

For a stock market novice, it might not be clear, but Icahn isn't a 2yr old chess player. He's worth $18.1 Billion and is one of the top 25 wealthiest people in America.

Here are some facts:

• Xerox announced the purchase of ACS (Conduent) in Sept. 2009

• Icahn first took a position in Xerox in Q4-2015 - At an adjusted price of $10/share (cost him $230M)

• He placed three new board members in 2016

• Xerox Spun off Conduent in January 2017

o ICahn received 20 Million shares of Conduent in the spin-off (today worth $210M)

o And kept his 23.5 million shares of XRX (today worth $463M)

• Icahn placed 4 new board members in May 2018

• If he sells Xerox at $40/share, his original $230M investment will net him:

o $940M for the sale of his Xerox stock

o Plus the current $210M he now owns in Conduent

o Net PROFIT for investment: $920,000,000 (400% return)

Not bad for 4 Years of work.

Icahn is playing chess

When Icahn and his cronies took over last May, the stock was trading at $32.29. After a stock repurchase and almost a year under his leadership, the stock is trading at $31.07 -- the stock is DOWN NOT UP

Sure, Icahn is playing chess... like a two year old!

Xerox doesn't make ANYTHING now. Except for a 20+ year-old Nuvera and an iGen assembly line that remains motionless most of the time, Xerox makes nothing. Therefore, creating anything isn't the point either.

Xerox has three things of value: MDS Contracts, Sales & Service/Delivery.

That is all the value there is, and that is what someone like HP wants to buy. John V and Icahn know they don't actually have to create anything.

Plus, the Vader acquisition was a strategic play to get them before HP bought them. HP only has 3D printers that use Polymers. They don't have a metal 3D printer and were looking for technology. Acquiring Vader made Xerox that more valuable to HP.

I see XRX going close to book value quickly if it goes public that there is no revenue plan or product pipeline. Any investors had better be profit takers and would be well advised to short any acquiring Corp.

It's all a big game for Ichan. A few people will make a lot of money, but the rest will suffer. Sad to say, but this has been coming for a long time.

I agree that there is upside on the stock price. The big question is what institution would be stupid enough to purchase the remaining pieces of this company, namely the XBS segment. The only reason that segment made cash is due to the back office support of personnel that actually knew what they were doing. They kept the margins on the deals good, prevented sales from signing bad agreements, kept a lid on costs, and on and on. All that is gone now that these roles are going to be supported by Sanjay in India. Profitability will plummet. And then factor in the fact that they are holding off on paying bills to paint a false impression of expenses. My bet is HP will buy it - who else would be dumb enough?

They need 2/3 vote to make it a holdings company

@Ycqfj9i-rxd - "Who the hell would be stupid enough to buy Xerox".

So, if I offered you to give me $1,000 today with the promise I would give you $1,750 in three months, you wouldn't do that? That is equivalent to 300% annual interest. Heck, that's 12x higher interest than the average credit card.

Investors are buying it because it's up 75% since Christmas.

Not exactly Blockbuster.

Icahn & Deason don't need to reduce outstanding shares to get more voting power.

With the new holding company they will establish in June, the voting requirement to sell the company is being changed from a 2/3's vote of shareholders to a simple majority (50.1%). Ichan and Deason own almost 17%, so they just need to get 33% of the remaining shares to vote with them.

And then they will hang the HP signs on the outside of our buildings.

P.S. Xerox repurchased 16.8M shares in Nov, and 8.5M shares in Feb for a total share reduction of 10%. That doesn't directly translate into a 74% increase in the stock price. Prior to Nov 2018, they actually issued 1.7M shares in the form of stock options to executives.

I don't think anyone is buying Xerox but Xerox. Nearly 95% of cash flow is directed at stock repurchases and dividends. At least it was for 2018.

Xerox is directing all profit into this activity. Those shares just disappear after repurchase so it's litterly flushing money down the toilet in the persuit of artificial demand. It also increases Ichan and Deasons voting power as they hold onto their shares while the pool of all outstanding shares decreases. Will make it much easier to pass the holding company and eventual sell.

Who the hell would be stupid enough to buy Xerox, it would be like someone wanting to buy Blockbuster! But hey when you dump and screw over hundreds of employees with no repercussion I guess anything is possible!

Not impressed - Manipulating EPS without growing revenue

I question the wisdom of anyone investing in Xerox.

Icahn has pumped so much into shared. Lol.