(1888PressRelease)
April 21, 2009 - Mira, Portugal – SADIF Investment Analytics SA, today announced the release of a new equity research report covering Lexmark International Inc (LXK). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential Lexmark International Inc.
Report Summary: US printer and imaging company Lexmark International reports first quarter 2009 earnings on April 21st. Investors will be looking to see if the company's business has picked up over the past quarter after Lexmark reported fourth quarter net earnings of just USD 18M on the back of a USD 23M tax benefit, down from earnings of USD 99M in the fourth quarter of 2007. The company also saw a seventeen percent decline in revenues during its fourth quarter. Lexmark stated in its fourth quarter results announcement that it expects the negative factors that influenced the company's results in the fourth quarter to carry over to the new year, resulting in an estimated mid to high teens percent drop in revenues for the first quarter.
The company's weak results have prompted investors to dump the stock, causing a 46% decline in the share price since April 2008. This is a greater fall than other tech stocks, with the Nasdaq composite index dropping just 30% over the same period. In order to assess whether the long-term outlook for the company's stock is as poor as its share price suggests we should focus on the company's long-term underlying fundamentals. We can assess Lexmark's fundamentals through the use of the StockMarks framework. Lexmark currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 26, rating the company below the US market average. This rating places Lexmark eighth among ten of the company's closest US-listed peers, selected on the basis of similarity of business, market positioning factors such as size and share comparisons.
The complete report breaks down the Total StockMark into its three components – business, management and price, performing a thorough analysis of Lexmark International Inc for long-term investors.
A summary of the StockMarks™ ratings for Lexmark International Inc is available here:
http://sadifanalytics.com/stockmarks/company.php?ticker=LXK&cod_country=125.
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com and Thomson Research or directly from SADIF-Investment Analytics SA at:
http://sadifanalytics.com/stockmarks/article/hist_article.php?cod_country=125.
About SADIF-Investment Analytics SA:
SADIF-Investment Analytics SA is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
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