This isn't a bargain. It's a sham. Pathetic stock which I own as well. Maybe they should try to growing organically rather than trying to dress the window through acquisitions for a change.Sick of seeing red every day.
I can see at least $11.50 this year, 2011 high $11.75 2010 high $12.00 in worse markets, several funds buying in , good value, buying ACS turning out to be the growth in XRX, stock buy back in the 7's a great move also, I usually do not like buy backs, stupid companies buy stock at highs, i thought the idea is buy low and sell high to make money. XRX buying back at this low price is smart. I have options in xrx was buying the Jan 14 3.00 up to last week when the stock was at 7.95 was buying the deep in the money $3.00 for $5.00 only a 5 cent premium what a great buy. I will wait for $11.00 all we need is a good market and some good news from xrx and will see $11.00 i have almost 2 years to wait, but will see it sometime this year
<<< buying the deep in the money $3.00 for $5.00 only a 5 cent premium what a great buy. >>>
I agree, it's a nice way to place a leveraged bet on XRX. The "premium" you paid was only the 5 cents plus the dividends between now and expiration. If the stock hits $11, you've got a nice double in under 2 years. I'd take it!