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Apart from a brief spike around the turn of the millennium the share price has been dismal. https://www.macrotrends.net/stocks/charts/XRX/xerox-holdings/stock-

• FirmwareBurner 3y ago
  Isn't profit more important than share price long term? There's plenty of junky SV companies that had insane share valuations during low interest rates rates and the pandemic bubble, but that are sinking now due to lack of profitability. Focus on high share price seems more important for speculators who wanna make a quick buck on the short term regardless if the company dies in long term.
  • lotsofpulp 3y ago
    Expected profits are part of the function of share price.
    • FirmwareBurner 3y ago
      Is that always true? What about hype?
      • throwup238 3y ago
        Sure. But no one’s hyped for Xerox.
        • twosdai 3y ago
          If you start saying that more, a bunch of games top investors will feel a need to jump onboard.
      • lotsofpulp 3y ago
        > part of the function The other parts of the function include the expectation someone else will buy it at a higher price, which may or may not be based on their own expectation of someone else to buy it from them at a higher price, and so on.
  • sokoloff 3y ago
    Projected unlevered free cash flows (discounted back to today, plus a discounted terminal value) is IMO the best long-run model for an enterprise value. Share price equilibrium is a consequence of that, after a current liabilities offset, and a division by share count. Profits are related to UFCF, but not the same thing.
• iancmceachern 3y ago
  I remember making a bunch of funny money off this in grade school when we had a mock stock trading exercise.