why LEX stock continues to hang in there...Help me understand the long term sustainability of their business model. Not talking trading here, I can understand a Lex trade here and there but not the long term growth trade. But maybe I am missing something and would love to hear your thoughts.
Lexmark is such a "Rodney Dangerfield" stock. (It can't get no respect.) I'm glad investors remain skeptical of LXK, refusing to bid the shares up to fair value, in spite of its outstanding financial performance. That allows me to continue to accumulate more shares for far less than their economic value, which I peg at $60 share price. LXK shares will trade at $60 (or more) within two years.
If you knew Rooke you would understand. Outstanding person, smart business man. He can and does make the hard but correct business decisions. LXK is lucky to have him. He was the wizard (of Oz) behind Curlander's curtain.
Some time ago I said I hope he has the time to turn LXK around and it is looking better and better every quarter.