Updating our Aggressive stocks: NCR Atleo, NCR Voyix and Restaurant Brands International

Article Excerpt

NCR ATLEOS CORP. $27 (www.ncratleos.com) is a hold. On October 16, 2023, the old NCR Corp. (New York symbol NCR) split itself into two separate firms. One (called NCR Atleos) focuses on automated teller machines, and the other (called NCR Voyix, see below) focuses on digital commerce businesses. Investors received one share of NCR Atleos for every two NCR shares they held. The shares of the new company are now up about 50% since the split, and trade at 8.7 times the $3.09 a share it will probably earn in 2024. That low p/e reflects the shift away from ATMs to online banking. NCR Atleos is a hold. NCR VOYIX CORP. $13 (www.ncrvoyix.com) is a hold. The company is now selling its digital banking business to Veritas Capital for $2.45 billion. Depending upon future performance, Veritas may have to pay an additional $100 million. NCR Voyix will use the cash to pay down its long-term debt of $2.60 billion (as of June 30, 2024), which is a..