Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (74035)	10/24/2023 1:50:02 PM
From: E_K_S	Read Replies (1) \| Respond to of 78486

Re: HRI decided to close out & start a new position in Xerox Corp (XRX) 12.43 -1.05 (-7.79%) Closed out my small tracking position in HRI and moved those proceeds into XRX. XRX reported earnings which beat but did have reduced sales YoY (as I expected) but their new Cloud/Digital services are growing. It's been a difficult transition but Carl Icahn is making the needed changes. Many of those legacy assets were spun off to CNDT or 'kitchened sinked' (I have been accumulating a position in that too). Made a few Buys this AM as stock sold off. Could be a value trap OR a potential small grower as assets are repositioned to cloud/digital/services. Market seems to have already discounted current price for worst case. I trust Icahn's moves (followed him into many successful turn around companies; NWL being one). Bet is small (I have a much larger bet in CNDT) and have followed XRX transition to a smaller company w/ pretty good cash flows which have stabilized. Last 3 quarterly FCF amounts are positive & YoY much higher!. --------------------------------------------------------- More small adds in TITN, AGCO, TSN, LEG, PYPL, KHC, WPC, KLG, LOCO, JNPR, INMD, K, KR, MMM, HR, XRX Small sells in; GILD, EMR, MAC, WMB, INTC, NWN (closed out -booked small loss), LEVI, ORCL, LMNR, KSS, SYM, TROX (closed out), HRI(closed out), AU,NRG, EPR, ANDE, Most Sells were less than 10% of position and always the high cost shares