April 30, 2008

The Long Case for NCR

Seeking Alpha has an article on NCR Corp today. To summarize:

"All in all, expect EPS ~$1.5 in 2008, with EPS increasing to $1.8-2 in 2010, growth rebounding to healthy 7-8%. Assuming NCR, as the leader in its industry with attractive long-term growth prospects, should trade at 16-17x EPS multiple, slight premium to the market, the shares should go towards $30-35 range.

Current price level provides a decent entry point, but it's even better if you're able to accumulate on any pullbacks towards $20, potentially driven by overall market weakness or not-so-great short term company results."

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