I bet we see $15 a share before the end of the year.From MarketWatch.com:Xerox meets lowered ests.--6:53 am - By Tomi KilgoreXerox (XRX: news, msgs) announced that it earned 30 cents a share in its second quarter. That matched the revised average estimate of the 10 analysts polled by First Call. On June 16, the average EPS estimate was 42 cents before Xerox guided Q2 expectations lower. Revenue for the quarter was $4.7 billion, 4 percent lower than the year-earlier period. "Though disappointing, these results reflect the difficulties found in our visits and reviews of operations around the world over the last two months. There is no doubt that the time required for recovery is longer than previously anticipated," said Anne Mulcahy and Paul Allaire, the company's chief operating officer and chief executive, respectively. Achieving renewed growth, they said, "will take more time." Commenting on the second half, Allaire said there was a need for "a significant downward adjustments" to expectations. The company had warned prior to the last 4 quarterly reports.Jammer2
I bet we see $15 a share before the end of the year. --Jammer2Hello Jammer2,Would you be a buyer or an *adder* at $15 or are you in the camp that says XRX should be dumped now?This is just a question. I own some XRX (cost about 20 and change) stock but these XRX warnings are starting to get as old as some of my socks! :-)
inductive - but these XRX warnings are starting to get as old as some of my socks! :-)What warnings are getting old as your socks - the ones from Jammer2 and other fools, or the ones from Paul Allaire? The Jammer2 warnings don't bother me - they're freebies.:o)IMO - the ones from Allaire are getting old. I can't make any money as long as he keeps warning everyone not to buy XRX stock. :o(
IMO - the ones from Allaire are getting old. I can't make any money as long as he keeps warning everyone not to buy XRX stock. :o( --Bruno the meateaterAllaire's are the warnings that are causing my socks to rot much faster than they'd be rotting otherwise! :o|
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