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Verso Corporation (VRS)
NYSE - Nasdaq Real Time Price. Currency in USD
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As of 12:09PM EDT. Market open.
214 reactions on $VRS conversation
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⭐ This is a very Bullish Chart, traders! 💰💵📈
doesn't appear to be very much investor interest in vrs. seems to be a company and industry that was growing and being built 50 years ago. in the current annual report I did notice one nugget that I had not been aware of before including some sort of interest in a group of hydroelectric dams that apparently were built to support the paper industry and some other in the area.
seems to be a sort of a moat surrounding industry in that area including vrs at least until a replacement form of cheap electric can replace hydro
it appears that the stock price responded very positively to the company's offer to repurchase a set number of shares at a price range under $18
what an awful company...I need to see what is holding this up. Will do some dd to find out. Boolean
Per their CEO, Verso continues to upgrade their product mix to more high value products. I can only see the value of this stock going up over time. The downward spiral we are seeing is not in alignment with what the company has been accomplishing. Undervalued.
Here are some excerpt from a press release today about the need for new directors. This is only a small bit of the article so you should find it and read the details.
Our belief that the Board needs change arises from a multitude of concerns. We believe the Board demonstrated little or no interest in pursuing corporate governance improvements until (and only until) AFTER we proposed a competing slate of directors for election. Here are a few of the Board's governance failures in just the past two years:
The Board took over a year to pursue stockholder-friendly governance changes that were highlighted when 38.3% to 53.7% of the votes cast in the election of directors at the 2018 annual meeting withheld support from the Board's four non-executive directors;
The Board awarded itself excessive director compensation as compared to companies of a much larger size;
The Board engaged in a "Strategic Review Process" without announcement of a transaction for over two years (i.e., not until after our competing director slate was proposed for election);
The Board has provided little transparency regarding the terms of the proposed sale of the Stevens Point and Androscoggin Mills (the "Specialty Mills") to Pixelle Specialty Solutions LLC and the expected use of proceeds, but expects stockholders to make an uninformed decision with respect to the proposed sale on January 31st, absent of the additional disclosure we have repeatedly asked for;
The Board violated Delaware law by failing to hold the 2019 Annual Meeting of Stockholders until January 2020 – nearly 16 months after the last annual meeting of stockholders; and
The Board decided to ignore significant stockholders by nominating five (5) new directors without including any of the highly-qualified nominees proposed by one of the Company's largest stockholders.
In addition, the Board has, in our opinion, supported consistently poor operating performance, including:
Lack of a value creation plan and placing too much emphasis on repeated sales processes with three (3) new Chief Executive Officers in as many years;
Poor performance as compared with Verso's peer group; and
A track record of ill-conceived capital investments including the recent decision to convert the Androscoggin mill A3 paper machine.
=The Board Lacks the Relevant Experience Required to Unlock Verso's Potential
=The Board has Resisted Change -- BUT Their Service has been Very Lucrative for THEM at the Stockholders' Expense
=Moreover, we are astonished that this was a five- (and, later, four-) person Board that claimed to need TWO Chairmen, with each Chairman receiving $100,000 PER YEAR, IN ADDITION to other payments for Board service.
Beyond the pension issues, Q4 profitability was unexpectedly great ( more than enough to navigate a path to further growth). Undervalued.
Verso will indefinitely idle paper mills in Duluth, Minnesota, and Wisconsin Rapids, Wisconsin, while exploring viable and sustainable alternatives for both mills, including restarting if market conditions improve, marketing for sale or closing permanently.
I am a printer, and we buy thousands of $$$s in Verso paper every month. This stock will shoot back up as the economy opens back up. Buy now at a HUGE discount, and hold. This stock will grow my retirement fund.
Missed on revenue by 10 million. Market over reacted.
someone please tell me why Verso dropped over a dollar a share on very good news.. this is nothing but stock monipulation and should be investigated by the securities and exchange ..
Verso stock about to go to 70 dollars a share..
safe play to make a good return
analyst est for this quarter dropped over 2.00 last week. anyone know why?
I think I wlll vote the blue card with Atlas and Blue Wolf. There it too much uncertainty over the fund of the sale for me. My fear is that the company will be run to ensure salaries for upper management rather than an operation beneficial to shareholders. Any thoughts out there?
this stock is up 30% since last month yet we don't hear any news...surely undervalued
B. Riley and BWS both have $20 price targets now.
This looks like the inverse of these overvalued tech stocks,
VRS has Fiscally very valuable shares but no one seems to be interested in the slowly dying paper industry. I’ll keep it on my watchlist for sure, if they were to expand there business into other industries the share price would skyrocket, easier said than done though
I don't understand why this stock keeps going down, it has PE of only 7.45 gave impressive earnings and have good growth.
Over double volume today. Interesting.
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