Xerox (XRX) stock has fallen approximately 50% off of 52-week highs and was one of the worst performers out of all small-cap stocks during 2018. Even though the company's sales continue to struggle, I believe the stock has entered "Buy" territory based on the following:
- Cost-cutting and reorganizations have led to year-over-year expense savings. This has made Xerox a more nimble operator and improved operating margins and lowered leverage.
- A collapsing stock price has increased the company's dividend yield to over 5%, which is well-supported by free cash flow.
- Xerox stock price looks