Lexmark International, Inc. (NYSE:LXK)
Lexmark International, Inc. ("Lexmark", "LXK" or the "Company") is a leading printing and imaging solutions supplier and enterprise content management provider. In FY2012, the Company derived 96% of revenue from its ISS segment, and 4% from Perceptive Software. The Company generated $3.6B in revenue and $563MM in EBITDA for TTM 6/30/2013, respectively.
Lexmark currently trades at an undemanding multiple of 3.2x EV/EBITDA, for a Company with a leading market share, highly cash generative business along with a catalyst in place as the Company is slowly going private through share repurchases. Why does this opportunity exist? It exists as the bear case against LXK is evident with a 20% short interest, as the...
Only subscribers can access this article, which is part of the PRO research library covering 3,559 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: