Rooke is well positioned as are his cronies. The rest not so much. Only if he and his crew are removed from managing this company will anything good happen, and at that point the shareholders have lost. Rooke purchased Perceptive in 2010, has had over five years to move into software, overpaid for Kofax last year and still aren't showing anything. Management will walk away with their big bucks, the Chinese will have more American companies and the shareholders and regular employees will be screwed. Typical Lexmark deal after Curlander took over. Two lousy CEO's in a row.
A year ago the stock was 48 a share, 40.50 sounds like I should have sold last year and not held this thing. At least it won't be weighing down our portfolio any longer. The dividend was in danger for sure so if it hadn't sold would have dropped precipitously.
Words coming from Lexmark's senior management need to be carefully parsed. They are cautious to not outright lie but be sure that whatever is said is to their benefit, not the shareholders or employees.
I remember Ron Bingham. Great choice but I believe he had some health issues. He was well respected AND could get the job done. People excelled under his leadership.
Rooke isn't a kid he just acts like one. He wants to be a big deal and he lets a bunch of Kodak losers and an HR director who is an idiot run the show. The inmates have run the asylum for too long. Anyone who buys this mess needs to have a thorough evaluation of the way this place was managed since Mann left and must have the ability to clean house. This company was run into the ground and the remnants that are left may be unsalvageable.
Finally people are smelling the coffee. This company has been run into the ground by current management. They gave away the inkjet and I would expect them to give this away as long as Rooke and his cronies get their big payout.
Not unexpected to see fluctuations during negotiations. Leaks can occur from people just watching the behavior of those negotiating, not any specific knowledge.
The upcoming news will not be good. Management has been recognized by the market for their failures. They have an inflated concept of the company value. It is not reality.