Xerox (XRX) is buying Affiliated Computer Services (ACS) for $6.4 billion. That is a $2.1 billion dollar premium over Friday’s closing price for Affiliated Computer Services. I found the deal interesting as both companies could be considered classic examples of earnings determine market price.
Today’s video looks at both companies based on earnings, a real eye opener
Best when viewed in full youtube screen.
Although it can manifest in a lot of different ways, earnings do determine shareholder returns over time. That can be trusted, price volatility cannot.
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