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Unisys Corporation (UIS)

NYSE - NYSE Delayed price. Currency in USD
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23.27-0.28 (-1.19%)
At close: 4:00PM EDT
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  • C
    Cheryl
    Where is UIS headed? Thursday at the close it looked like it wanted to turn over a new leaf. I love its involvements and projects, its numbers not so much. Thoughts.
  • s
    scott
    good earnings
  • N
    Nand
    Red, really, it should have been above 25 based on the ER.
  • J
    Jean
    Only in the inverted world of Unisys executives does a lower loss result in an apparent positive headline.
    Alas, for the poor shareholders the actual results are still very negative. In the continuing perverse
    disinvestment of the ClearPath business over the last 20 years it still produces the best profits. The management has spent 3 decades investing in services which only lose money. Yet they persist….
    Did you notice that shareholders equity is negative? And yet pay and benefits are ever increasing???
  • M
    Mac
    What is going on with this stock which is keep dropping without any news ? Insider information ? Is it the hedge fund short selling ?
  • M
    Mac
    Anyone remains on this board ? dead silence :(. I should say I could guess why since not much going on with this company.
  • C
    Cheryl
    $ISRG conversation
    $ISRG broke the G-note barrier today. $MARUY, $WIT, $INO, $LQDT, $A, $PI, $LRLCF, $DXC, $CTSH, $UIS,
  • H
    Howard
    There was unusual put activity on 7/12:

    https://www.marketbeat.com/instant-alerts/nyse-uis-options-data-report-2021-07-2-3/

    There was some inside selling offset by hedge buying. Our drop a few days ago may have been related to the options activity. The puts were at $20.
  • A
    Anonymous
    Well under those inverted circumstances ceteris paribas not a bad quarter
  • t
    the channelman
    Listened to the recorded investor call. Lots to parse. Remarkably, again called out CP as the largest cash flow contributor. Aluded to further pension moves to remove "variability." Possible lump-sum buyouts as mention in PR? Queston about spreading overhead elicted a comment implying layoffs. No surprise. Would not answer question about how much free cash flow Fed generated. Supposedly, enterprise solutions is generating the most increase in cash flow, but that is a bit murky. With the reduction in pension liability and debt, UIS becomes more "nromal" according to Altebef. Bettre access to capital at better rates. More able to go after mid-sized deals and invest in IP.

    We will see.
  • H
    Howard
    I am a bit surprised at the negative reaction to yesterday's earnings. They are making great progress on the pension front, freeing up $200 million of cash flow. They are growing the most profitable sectors. They also have $3.5 billion of deferred tax assets to shield future profits. We were told revenue would be flat so that was no surprise. They were even talking about selective acquisitions. Granted non-GAAP is hard to understand but things looked positive.
  • J
    Jean
    So have you noticed that UIS converted debt into another 30,000,000 shares? Massive dilution.
    Management hopes that shareholders won't notice but there is really no difference between debt
    and equity in that both forms of capital have to earn a return. In the case of debt it's paying the
    interest charges and in the case of equity the business has to earn and equivalent EPS coverage.
    With the crashing interest rate UIS pension payments will skyrocket in 2020.
  • M
    MILTON
    UIS is going much much higher.Consider the following reasoning; Uis iHas 58,245,000 fully dliuted shares outstanding. At ists current price of $16.16 the market cap is $941 million. Yet they will be recieving $1.025 billion for Federal. At the current price one is buying the remainder of the business for nothing.
  • H
    Howard
    This appear to be a reasonably good quarter. While the interest on the notes is high, UIS is fixing the pension mess. The company can't move forward until that happens. Some analysts believe Altabef's end game is selling the company, as he did with Perot. I suspect that won't happen without pension repair. The company's tax loss carryforwards might make UIS an interesting acquisition in the IT space. How they grow revenue is a good question but they will have a better foundation moving forward.
  • J
    Jean
    Some interesting facts from the latest 10-Q:
    1) Unisys had to offer the new CFO an incentive to stay with Unisys thru 2020 of $225,000. Finding a qualified CFO must
    be much harder these days.
    2) Shareholders equity is negative (pro forma worthless) due to accumulated deficit
    3) From 2020 thru 2024 the pension contributions are estimated at well over $1.0B. Unisys declared that it will have to
    seek additional financing (means they don't expect to have enough cash flow to pay during this period). Yet they continue
    to tell you every quarter to ignore these payments in cash (their fiction using non-GAAP information)
    4) The stock price on Mr. Altabef's first day 1/1/2015 was $29/share ($2.90 pre split of 10:1). Now it's $7 (equivalent to $0.70 pre split).
    5) Long term debt has increased.
    Yet the Board continues to increase Mr. Altabef's total compensation even though he has failed to produce increased shareholder value.
    The market judgment of the executive management team arrives every day on Wall. St. I think the smart money has
    seen through management's attempts to talk the stock up by publishing non-GAAP results every quarter..

    In my opinion UIS is a very poor investment
    5)
    4)
  • R
    Rusty
    Clearly no investment. I got in at 7.30 and will be out shortly. I was there 30 yrs in sales. Pension expense is about to be huge problem. New mgmt does same stuff as all the rest since Unruh.
  • M
    MILTON
    After today ,only 1 more day until new short interest is released and 5 more days until 2nd. quarter earnings. last report at the end of June saw 27% of float short for a total of 13,374,200.shares.Based on the average trading volume of 383,600it would take nearly 35 days to cover., a near perfect setup for a short squeeze, either before or after earnings.
  • H
    Howard
    The legacy issues pre-dated Altabef. Does UIS become a niche player for state and local government? That is one possibility. As I posted months ago, Altabef's experience at Perot suggests a takeover. That may be the only long-term exit strategy. A larger player may like their tax-loss carryforwards. Nothing take hold without a pension fix. History casts a long shadow. The private sector said goodbye to DB plans decades go. Now, even state and local governments are moving from them. Agreed that flat-line revenue does little good long-term. That said, Mr. Market sees value here, despite negative book value.
  • J
    Jean
    More management failures evident: UIS is going to ask IRS to defer 2020 pension plan payments over the next 5 years.
    Successful profitable companies don't need to do this.
  • M
    MILTON
    Good News. Trading at $14.16 up $1.55 in after hours. Even better news is that AH volume was only 65,182 shares meaning that the short squeeze of the 12,030,500