Two Transformative Tech Plays
The latest Band-Aid (Spain's bank bailout) out of Europe should buoy the U.S. market to start this week's trading, but I remain cautious. One area that I am still buying is undervalued technology stocks that are going through transitions or transformations that I believe are not properly valued by the market. Two of my positions in the space are selling at less than book value, yield more than 2%, and should see higher prices as investors become more aware of their improving business models.
Xerox (XRX) is primarily known for its printer business, but more than half its revenue comes from business process and IT outsourcing, which offer long contracts and consistent revenue streams. The company is also moving into the higher-margin color-printer business within....329 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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