For years now, the self-proclaimed experts have been calling for Xerox’s (XRX) death, explaining that the photocopier has gone the way of the Edsel.
Also for years now, Xerox has not only survived but even thrived, as it’s very much not just a photocopier maker anymore.
Xerox is waist-deep into digital document management… which is the future of the typical corporate office. It might not be a high-growth story, but what it lacks in firepower it makes up for in consistency.
Value fans also will love XRX’s forward-looking P/E of roughly 10.