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Lexmark (LXK -16.3%) closes at multi-year lows thanks to an ugly Q2 warning. Goldman (Sell) is...

Lexmark (LXK -16.3%) closes at multi-year lows thanks to an ugly Q2 warning. Goldman (Sell) is taking a hammer to its 2013 and 2014 estimates, declaring the headwinds to Lexmark's high-margin printing supplies business to be worse than feared. Though no full-year guidance revision was provided, Brean Murray thinks 2012 EPS could be around $4, compared with prior guidance of $4.70-$4.90 - that still gives Lexmark a forward P/E of just 5. HPQ -1.9%. XRX -1.8%.
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  • Marketmaster098
    , contributor
    Comments (22) | Send Message
     
    The Lexmark legacy is alive and well at HP as well. At HP the MPS business under Mr Dalhgren and his minions is tanking. The downward slide that he started at Lexmark is now in place at HP. It only chance to show anything different is to just manipulate numbers....yea they do that.

     

    HP will not recover until the VP's that thrive on "make me look good at any cost" get replaced with VP's that actually care about HP and the business they are suppose to manage. Too bad HP is allowing the same guys that set up Lexmarks failure bring about HP's failure.
    13 Jul 2012, 04:57 PM Reply Like
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