Xerox: Strategic Picture Is Becoming Clearer, But Core Business Remains Weak

Group 1 - The article discusses the investment approach towards Xerox, emphasizing a fundamentals-based value investing strategy that prioritizes long-term durability and affordability over low multiples [1] - The author highlights the misconception that low multiple stocks are inherently cheap, advocating for a focus on companies with steady long-term growth and strong balance sheets [1] - It is noted that while investing in successful companies carries risks, there are scenarios where the potential for growth diminishes the immediate importance of price [1]