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Fly News Breaks for April 12, 2019
VRS
Apr 12, 2019 | 09:25 EDT
After Verso Corp. announced Chris DiSantis has stepped down as President and CEO and that Leslie Lederer is taking over on an interim basis, BWS Financial analyst Hamed Khorsand said that "CEO changes are usually considered a negative for the stock." However, he believes that Lerderer's contract suggests his role is to "spearhead the quick sale" of Verso, adding that he believes this could turn into an auction process. The analyst, who thinks a sale could finally unlock the hidden value he sees in Verso, keeps a Strong Buy rating on the stock.
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