XEROX: New Management & Potential Investment

7 апр.

Fundamentals:
- Xerox on March 2024 offered $50 million of 3.75% in Convertible Senior Notes due in 2030.

- I guess Xerox is getting into 3D printing and they are trying to "RE-INVENT" themselves. They have a heavy amount of cashflow. However, SMCI (Super Micro Computer) is a competitor and SMCI is booming as a leader in its industry.

- Xerox currently pays a 6% dividend.

- If Xerox improves, a small buy now with its 5.9% to 6% dividend re-investment won't hurt. Maybe there will be a May 2025 breakout. Perhaps a November 2024 Presidential Election breakout.


Technicals:
Monthly Chart:
Xerox has reached rock bottom again. Notice how Xerox likes to bottom in the same area every time there is a major market crisis. I circled areas where ichimoku gave late stage buy signals on a monthly chart and areas where I would have attempted to buy-and-hold based on the monthly chart. The vertical lines show bear markets or close to bear markets in the overall stock market, which seemed to drastically affect this stock.
Since 1983, Xerox always bottomed in the same area. Xerox bottomed in 2023.
The longest move up after Xerox hit the bottom is 4 to 5 years. If 2022 or 2023 is the bottom, then, Xerox has until 2026 to 2027 to finish rallying.



Weekly Chart:
A double bottom appears on the weekly chart with validating volume and DQ. The weekly chart already tells us to be alert for a buy now or around $20. And, also, if the price moves to 26.95, then that will be near a monthly buy.
uRd
stage 3 ichimoku pattern
MACD and MACD-Ichimoku above the water line


Comment:
-Price is currently in a 12ish/19ish box range.
- If Xerox improves, a small buy now with its 5.9% to 6% dividend re-investment won't hurt. They can pay me while they continue to R&D and innovate enough to bring up sales, growth and earnings. Maybe there will be a May 2025 breakout. Perhaps a November 2024 Presidential Election breakout.