Buy Xerox: An Undervalued And Underappreciated Capital Deployment Opportunity

Most of our portfolio's technology stocks are those housed in what many consider to be high-growth industries. Companies such as VMware (VMW), Palo Alto Networks (PANW), and F5 Networks (FFIV) dominate our portfolio. However, there is a place for older, more traditional technology companies, such as IBM (IBM) and Cisco Systems (CSCO). And in this article, we would like to highlight the opportunity that shares of just such a technology company are presenting to investors. For many, Xerox (XRX) is a technological relic of a bygone era, a company whose products and offerings are no longer relevant. At first glance, the company's share price would seem to confirm...

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