Tag: Xerox

Xerox Is Cheap, But Its Future Is Risky (NYSE:XRX)

Xerox (XRX) is cheap as a result of the 2020 selloff, with relatively bleak prospects for the company so long as the pandemic remains relevant. The company’s valuation is quite low, but some longer-term risks remain. Nonetheless, Xerox may be worth a look as a recovery bet and as a speculative bet on the long-term growth potential of 3D printing.

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COVID-19 Impact

Coronavirus has a significant impact on Xerox’s business, with second quarter revenue dropping by 35.3% year over year. Adjusted earnings per share fell to 15 cents per share from 64 cents a year ago. The company lost a significant amount of service revenue – which accounts for the largest share of the company’s overall revenue – as customers’ deferred maintenance and lockdowns prevented accessing machines.

A major risk to Xerox is that companies decide to discontinue usage of offices, and thus the Xerox products inside them

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Keurig Dr Pepper, Xerox And More

 

  • Insider buying can be an encouraging signal for potential investors when markets are near all-time highs.
  • Several insiders made return trips to purchase additional shares last week.
  • An activist investor also came back to the buy window as well.

 

Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason: they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly when markets are near all-time highs.

Insiders continued to add shares despite market volatility and economic uncertainty. Here are some of the most noteworthy insider purchases reported in the past week.

Avis Budget Group Inc. (NASDAQ: CAR) saw a 10% owner increase its stake once more. The more than 279,200 additional shares were indirectly acquired for $33.28 to $34.49 each. That totaled over $9.49 million. This same

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