Articles Tagged with ''Xerox financials''

XRX Reports Revenue of $5.4 billion

Xerox Reports Third-Quarter 2012 Earnings

On October 23, 2012, Xerox (NYSE: XRX) announced third-quarter 2012 adjusted earnings per share of 25 cents, which excludes 4 cents related to the amortization of intangibles, resulting in GAAP earnings of 21 cents per share.


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XRX Reports Revenue of $5.5 Billion

Xerox Financials Announced

On July 20, 2012, Xerox (NYSE: XRX) announced second quarter 2012 adjusted earnings per share of 26 cents.


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XRX Strengthens Technical Support Acquiring WDS

Xerox Acquired UK-based WDS

On July 11, 2012, Xerox (NYSE: XRX) signed a definitive agreement to acquire WDS.


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XRX First Quarter Total Revenue of $5.5 Billion

Xerox First Quarter Results Announced

On April 23, 2012, Xerox Corporation (NYSE: XRX) announced first-quarter 2012 adjusted earnings per share of 23 cents, which excludes 4 cents related to the amortization of intangibles, resulting in GAAP EPS of 19 cents.
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XRX Declares Quarterly Dividend

Xerox Dividend Declared

On February 22, 2012, Xerox's (NYSE: XRX) Board of Directors declared a quarterly cash dividend of 4.25 cents per share on Xerox common stock.


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Xerox Quarterly Financials Released

On January 25, 2012, Xerox Corporation (NYSE: XRX) announced fourth-quarter 2011 results that include adjusted earnings per share of 33 cents, up 14% from fourth-quarter 2010, and $1.3 billion in operating cash flow. Adjusted EPS excludes 7 cents related to amortization of intangibles, resulting in GAAP EPS of 26 cents.


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George Putnam's Favorite Stocks for 2016

stock picks

Distressed Investing Blog

Distressed Investing Blog

2015 Bankruptcy Recap: 46% Increase Fueled by Oil & Gas/Mining Industry--Further Uptick Predicted

Looking back at 2015, research reveals a 14% decline in overall business bankruptcies but a 46% uptick in public company Chapter 11 filings—with a striking 51% of those filings coming from the battered Oil & Gas/Mining sectors. Economic indicators point to further increases in corporate bankruptcy, in general, and Energy-related filings, in particular. Just a few days into 2016, this viewpoint has already been validated by Arch Coal's long-awaited $8 billion Chapter 11 filing—and continuing oil price plummets severe enough that OPEC will likely convene an emergency meeting to address "shattered" economies. Read More.

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  • The Turnaround Letter's 15-year returns were 11.0%--vs. S&P's 2.9%
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Spotlight: Junk Bond Market

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MarketWatch's Mark Hulbert recently tapped George's distressed investing expertise to determine the fate of the junk-bond market and what its nearly three-year decline likely means for your portfolio.

 

Hulbert writes, "What’s really going on? For insight, I turned to George Putnam, an expert in distressed-company investing. His Turnaround Letter advisory service has handily beaten the stock market over the past 15 years, according to the Hulbert Financial Digest’s tracking, by an impressive margin of 7.3 percentage points a year on an annualized basis."

 

Commenting on the rapid growth of high-yield exchange traded funds (ETF's), Putnam notes, "They have become the investment vehicle of choice for short-term investors….Those investors tend to be trend followers and, therefore, are just the opposite of being contrarian."

 

Read the full MarketWatch junk-bond article to find out what George thinks these recent indicators likely mean for future distressed investing profit.