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Xerox: A Good Yield And A Potential Buyout Target.
Xerox shares are currently yielding 5.43%. HP Inc could be a potential buyer of Xerox. Other tech companies might be interested in buying Xerox at the current low price to use the Xerox name in their marketing program. Xerox has repurchased a massive number of shares over the last few years. Carl Icahn is a major shareholder of Xerox.
With a yield of 5.43%, Xerox Holdings Corp may be an attractive investment for those seeking high current income and for traders looking for a possible takeover target. High growth and being a member of the elite “Nifty-Fifty” have long passed. Terrible decisions by management, including Carl Icahn who is a major shareholder, have made matters worse, in my opinion. With the stock price dropping down to only the high teens, Xerox is a potential takeover target and HP Inc. might be an interesting suitor.