New Contract Enhances NCR’s Outlook

Article Excerpt

NCR CORP. $27 (New York symbol NCR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 167.5 million; Market cap: $4.5 billion; WSSF Rating: Average) continues to win new orders for its retail cash register and checkout systems. For example, the United States Postal Service has awarded NCR a new three-year, multimillion-dollar contract. NCR’s equipment will improve efficiency and cut waiting times at over 16,000 Post Offices. Demand for NCR’s automated teller machines is also growing, particularly in overseas markets. The stock has stayed in a narrow range since it spun off subsidiary Teradata Corp. in October, 2007. However, it still trades at a reasonable 17.3 times its likely 2008 earnings of $1.56 a share. NCR is a buy. buy…

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