Keep holding these two for now

Article Excerpt

On October 16, 2023, the old NCR Corp. (New York symbol NCR) split itself into two separate firms. Investors received one share of NCR Atleos (which makes ATMs) for every two NCR shares they held. The remaining firm changed its name to NCR Voyix. The split has delivered mixed results for investors: NCR Atleos is up 30%, while the former parent has dropped 33%. Both firms are now taking steps to improve their profitability. Even so, we see better opportunities right now. NCR VOYIX CORP. $10 is a hold. The company (New York symbol VYX; Manufacturing sector; Shares outstanding: 138.9 million; Market cap: $1.4 billion; No dividend paid; Takeover Target Rating: Medium; www.ncrvoyix.com) makes specialized cash registers, self-serve checkouts and kiosks for theatres and arenas. Retailers account for 70% of its revenue, with restaurants supplying the remaining 30%. The new firm sells its products in 30 countries. In September 2024, the company sold its digital banking business to Veritas Capital for $2.45 billion. Depending upon on the future performance…