Just because Icahn't bought it, doesn't mean XRX should go up crazy like NFLX.
1) XRX has been around for over 100 years.
2) XRX's market has been eaten by competitors.
3) XRX is not innovated enough to stay in competition.
4) Too many brand/company can easily replace XRX.
5) XRX is a dinosaurs, not a starter company OR an internet boomer.
Icahn't power is to change their board of directors, sell the company, spin-off, or buy-out others. In no way he will be able to change company's earning, product, or image. In another word, Icahn't is just another Wall Street investor looking for quick profit.
Sorry Icahn't... your giant stick swing might work on little dog, but it wont work on dinosaurs company like Xerox.
It's a margin call and forced sale by Goldman Sac. Get the fact straight.
Sentiment: Strong Sell
The guy has no idea and cannot even defend his company. He only got lucky with aggressive acquisition to boost company's value.
VRX's $80B value is a bubble, $20B right now is it's truth value.
May 4, 2015
Learn To Adapt! It is not too hard.
Most customers would just pay up since it not just ordinary dinner. These customers are using BWLD's restaurant as a party place and they are not paying the rental fees.
Since Ackman's stocks have been dropping (raising) so much lately.
VRX dropping, HLF (shorts) raising.
That is his BEST defense from today's interview.
He also says Fannie / Freddie should be a utility company for mortgage loans, blah blah blah.
Of course, he mentions nothing about government seizing 100% of profit for FnF for last 3 years, and they had paid back all + more of the loans.
My review left on AMZN in 1995 is STILL THERE after 20 years.
My review left on Yelp last month GOT FILTERED because the store owner probably paid Yelp undisclosed amount of money to delete low ratings.
He actually made money on his $1B put option of one year. On the date it is due to expire, HLF had dropped to $30 / sh. Although no news talked about it. He is still holding rest of the short position.