NCR expands in Brazil

Article Excerpt

NCR CORP. $11 (New York symbol NCR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 158.6 billion; Market cap: $1.7 billion; Price-to-sales ratio: 0.4; WSSF Rating: Average) will spend $37.6 million to build a new automated teller machine (ATM) factory in Brazil. To put this cost in perspective, NCR lost $15 million, or $0.09 a share, in the first quarter of 2009. This investment will help NCR take advantage of growing demand for ATMs in Brazil, which is the world’s third-largest ATM market. This new plant will open in December, and help NCR expand its market share in other parts of South and Central America. NCR is a buy. buy…