*NEWS*LEXMARK TO USE RECYCLED INK CARTRIDGES FOR E-LUMBER

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*NEWS*LEXMARK TO USE RECYCLED INK CARTRIDGES FOR E-LUMBER

 user 2008-05-16 at 12:33:15 pm Views: 57
  • #19446
    http://www.marketintelligencecenter.com/articles/614100
    Lexmark to Use Recycled Ink Cartridges
     May
    , 2008Lexmark International Inc. (LXK) opened at 34.20. So far today,
    the stock has hit a low of 34.09 and a high of 35.71. LXK is now
    trading at 35.46, up 1.19 (3.48%). The stock hit its 52 week high of
    56.88 in May and set its 52 week low of 26.55 in January. LXK has been
    slipping for most of the past year. Lexmark International announced it
    plans to use recycled ink cartridges for landscaping. The recycled
    material forms a plastic wood substitute, known as eLumber. Technical
    indicators for the stock are bullish and steady while S&P gives LXK
    a positive 4 STARS (out of 5) buy rating. If you’re looking for a
    hedged play on this stock, consider a July bull-put credit spread below
    the $30 range. LXK stock could fall up to 15.4% before expiration and
    this position would still be profitable.