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Veritiv Corporation (VRTV)

NYSE - NYSE Delayed price. Currency in USD
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132.27-9.43 (-6.65%)
At close: 04:00PM EDT
132.27 0.00 (0.00%)
After hours: 04:00PM EDT
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  • J
    Jeff
    Probably the best and safest stock that I own with a very bright future. Business is rocking along and $200 a share is on the horizon.
  • M
    MICHAEL
    New to this stock since family just started working there... I’m taking by earnings & stock price the future isn’t promising at the moment. What’s the fair market value?
  • f
    freddy
    With these earnings the value trap has turned in to a value play and Baupost was right afterall. Do not forget that the valuation is less than one quarter of revenue. Even at firm's low margins the P/E is only 10. Guidance up!

    "For the three months ended June 30, 2021, net cash provided by operating activities was $36.9 million and free cash flow was $34.1 million. For the six months ended June 30, 2021, net cash provided by operating activities was $50.1 million and free cash flow was $41.0 million.

    "Our earnings momentum and record low leverage allowed us to expand our share repurchase program to $100 million in the second quarter," said Steve Smith, Chief Financial Officer. "We have purchased roughly $50 million of our shares under the program through the first half of the year."

    2021 Revised Guidance
    Given the strong financial performance in the first half of 2021, the Company is increasing guidance for full year 2021 and adding guidance for net income and earnings per share. Net income for full year 2021 is expected to be in the range of $100 to $120 million and earnings per share is expected to be in the range of $6.25 to $7.50. The Company is increasing its full year estimate for Adjusted EBITDA to a range of $270 to $290 million. Free cash flow for 2021 is now expected to be at least $110 million. Capital expenditures are still estimated to be approximately $35 million."
  • t
    tired of dishonesty
    Why would the senior VP resign right before the end of the 4th quarter? Just announced yesterday.
  • A
    Anonymous
    how is a company doing 7 billion dollars a year in business, only worth 380 million dollars?
  • D
    David
    I'm sure Tom is having a great day today :). Send him your positive vibes:

    Tom Morabito
    investor@veritivcorp.com
  • M
    Matt
    I don't own the stock, but I've been a customer of Veritiv and its predecessors for over 30 years. I'm a small guy who has always pays his bill on time and seldom complains. However, every issue I've had with this company has gone unresolved. As one of your customers, all I can say is today's Veritiv is the worst customer experience I've had in all my years in business. I know I'm a small, insignificant customer and they make sure I know it.

    It's laughable to see the CEO got over $7 million in compensation in 2019. I would never buy this company.
  • D
    DAVE
    How can you be proud of selling 2.2 billion and losing 10.6 million. If you can't make a profit in these market conditions when are you?
  • J
    Jack
    Coming to the close of 2019 Q2, and from seeing the lack of sales, this one is more dismal than the first quarter, in fact, in the 5 year history of Veritiv. If you thought Bloody Mary's last earnings call of nearly -$27 Million loss was inspiring, wait til you see the next. The customer loss at Veritiv is far outpacing building closures and employee furloughs. This location alone practically has half the employees fighting the other half for work due to serious sales loss. If a location can't be properly managed on the local level, how can one expect the entire organization to be managed in any aspect....and that's the truth, Ruth! LOL!
  • J
    Jeff
    Company issued a release after the close 7/9/2020...closing many warehouses, reduction in head count from all aspects of the business, and a new commission plan. IMO these are all necessary and way over due!
  • D
    David
    Can't wait for the positive spin from the pumpers on this board. Will it be restructuring costs? One time charges? Obama? What say you?
  • f
    freddy
    You wonder why investors have not been and are not picking up on this one, currently market cap at roughly one quarter revenue.
    For a cyclical stock that now has restructured back to growth with a more favorable market demand we might expect a reasonable valuation to be between 60% and 90% of revenue.
    A stock price of $ 200 to $ 300 is feasible and if growth accelates time window reaching there narrows quickly
  • t
    tired of dishonesty
    The only thing left to cut is the salaries at the top. You can't shrink your way to prosperity.
  • D
    David
    You can never outrun a bad business model or bad management. I thought this pullback was long overdue. The bump a few months ago was completely artificial. They fired 60% of their sales staff last month, that's probably not a good sign.
  • D
    David
    Just curious. Is losing 50% of value in 22 months good?
  • D
    David
    In a little over 3 years, VRTV has lost 75% of its value. Time for a big 'ole bonus for Mary.
  • l
    lauren
    Why doesn't the Board have the cocanuts to make necessary changes.Enough with "challenges, headwinds, and values"!!
  • J
    Jack
    I'll just leave this here. Even Veritiv execs know when to get out of a company with no future. LOL!

    Veritiv Corp (NYSE:VRTV) VP John G. Biscanti sold 2,500 shares of Veritiv stock in a transaction on Friday, June 21st. The stock was sold at an average price of $19.09, for a total value of $47,725.00.
  • D
    David
    Let's estimate how many times Mary will use the words/phrases: "headwinds", "growing pains" and "challenging environment" on the next call.
  • J
    Jack
    /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV), a North American leader in business-to-business distribution solutions, announced today that its Board of...
    /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV), a North American leader in business-to-business distribution solutions, announced today that its Board of...
    www.prnewswire.com