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Old 10-06-2009, 01:34 PM   Nav to Top  #1
Saintjames
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Default XRX - Xerox Corporation

I've been watching Xerox since they bought Affiliated Computer Services (ACS) at the end of Sept. As usual with M&A the buying corporation suffers a large dip in PPS and the bought company gets a boost. In this case XRX dipped 20% because in the deal they were required to dilute their shares by paying for some of the deal in stock. Currently 870M shares and they'll be issuing another (roughly) 500M for the purchase.

A lot of people speculate XRX paid too much for the company, but ACS will certainly open the doors to increased earnings. Almost a week on now and Xerox PPS still has not recovered, so low $7s could be a good starting point. See the chart.

Oct 22, 2009
Q3 2009 Earnings Release - 8:30AM EDT

This is not an earnings play for me, but the run up to earnings should restore the PPS to pre-merger levels. Overall it's a solid company with a history of paying out dividends (albeit small ones). I would guess this stock is around $11 - $12 by spring 2010.

Options players might consider the December 7 calls if the stock holds support above $7 (as it is currently).

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Old 10-08-2009, 04:07 PM   Nav to Top  #2
zippy
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this one really took off today, will likely get back to $9 soon...some pr:

- Xerox Continuous Feed Systems Drive High-Volume Digital Printing Jobs Across Multiple Industries | Business Wire
- XEROX CORPORATION (XRX.N) Key Developments | Stocks | Reuters.com

good call sj...thumbs.
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