Xerox Holdings: Earnings Growth Remains Fundamentally Challenged

Core Viewpoint - The article provides an update on Xerox Holdings (NASDAQ: XRX) following a previous recommendation to sell due to expectations of missing FY24 guidance, emphasizing a fundamentals-based approach to value investing [1] Group 1: Investment Philosophy - The company disagrees with the notion that low multiple stocks are inherently cheap, focusing instead on long-term durability and affordability [1] - A preference is shown for companies with steady long-term growth, no cyclicality, and a strong balance sheet [1] - The article highlights the risk of overpaying for successful companies, underscoring the importance of valuation [1] Group 2: Market Outlook - There are situations where the potential for growth is so significant that immediate price considerations become less critical [1]