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Xerox Shares Look Cheap Even With Stock's 2017 Jump: Barron's

Image: Xerox Shares Look Cheap Even With Stock's 2017 Jump: Barron's
This Tuesday, May 24, 2016, photo shows Xerox copiers at a store, in North Andover, Mass. On Friday, July 29, 2016, Xerox reports financial results. (AP Photo/Elise Amendola)

Sunday, 05 Mar 2017 07:13 PM

Armed with a hefty dividend, Xerox Corp. shares look cheap even as they have shot up this year following the company's spin-off of its business processing business, according to an article in Barron's.

The article says the printing and copying company's new CEO wants to shift toward more small and midsize corporate customers and Xerox has undertaken a major cost-cutting program, while the shares offer a 3.4 percent dividend yield.

The article cites a portfolio manager for investment advisor ValueWorks as estimating the shares (XRX) could nearly double, from Friday's close of $7.36 to $14 in the next two years.

© 2017 Thomson/Reuters. All rights reserved.

 
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The company has spun off nonprinting businesses. Boating a 3.5% yield, the stock could nearly double.
xerox, barrons, shares, stock
100
2017-13-05
Sunday, 05 Mar 2017 07:13 PM
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