The Company is a developer, manufacturer and supplier of printing and imaging solutions for offices and homes. Its products include laser printers, inkjet printers, multifunction devices, and associated supplies, services and solutions.
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Wow. This stock price is up big over the last few days. What's up with that?
It seems there's a celebration going on over the recent earnings announcement of better earnings than the company and analysts previously predicted. It's a completely misplaced celebration, however.
Revenues have declined for 5 straight years:
Year : Revenue (in millions)
=============================
2004 : $5,313.8
2005 : $5,221.5
2006 : $5,108.1
2007 : $4,973.9
2008 : $4,528.4
2009 : $3,879.9
EPS have declined for 4 straight years:
Year : EPS
============
2004 : $ 4.28
2005 : $ 2.91
2006 : $ 3.27
2007 : $ 3.14
2008 : $ 2.69
2009 : $ 1.86
The latest figures are simply continuations of the trend that has been in place for a long time. There seems little reason to think this trend will change soon, and therefore little justification for the currently exaggerated stock price.
You should check this story out: Lexmark International, Inc. Named Top Dividend Stock With Insider Buying and 5.90% Yield
http://www.forbes.com/sites/dividendchannel/2012/07/16/lexmark-international-inc-named-top-dividend-stock-with-insider-buying-and-5-90-yield/?partner=yahootix