Xerox (XRX) announced the restart of a quarterly dividend after a five year hiatus. Xerox also announced the return of its debt to an investment grade rating. Clearly there is cause for optimism. Lets look at a few things.The stock dropped substantially in the summer and has not really recovered. The dividend is payable at the end of Jan 08 to holders of record as at Dec 31 07. This should block year end tax selling which must look awfully attractive in this kind of market.Since launching its stock buyback program in October 2005, Xerox to date has repurchased about 129[...]
Read More...
[Source: The Money Blogs]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment