PE of 8, and a PEG of 1.16.

The volume in the September-40 calls suggests that this stock could go higher, says Najarian.

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Tech columnist Gary Krakow breaks down the cheapest and best smartphones, laptops and printers for the coming school year.

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The Lexington, Kentucky based manufacturer of printing products said that its board
authorized the repurchase of up to $750 million in common stock. The company did not offer an expiration date for the buyback. This new repurchase plan raises the company’s total repurchase amount to $4.65 billion from $3.90 billion. Lexmark has approximately $250 million left over from the previous buyback plan; therefore the company has
about $1 billion available for repurchase.

Lexmark reported a slow first quarter and experienced a 7% drop in revenue, from $1.26 billion to $1.18 billion. On a positive note, the company reported 12.5% year over year growth in GAAP EPS and generated $178 million in cash.

"Our first-quarter results reflect the strategic shift that we began in the second half of 2007," said Paul J. Curlander, Lexmark Chairman and CEO. "Although EPS greatly exceeded expectations in the first quarter and we had good cash generation performance, we have more work to do as we continue to implement our strategy to drive our growth in
higher-usage segments.”

During the quarter, Lexmark was presented with several awards of excellence from respected testing labs and technology publications, exhibiting its initiative to increase its presence in high-growth color laser printer and color multifunction product segments.

The Lexmark C530dn and C780n were added to PC World magazine's Top 10 Color Laser list. Its other printer, the Lexmark X560n was awarded a Four-Star, Highly Recommended rating from independent test lab BERTL. Another one of its printer, the Lexmark X500n was named a Top Five Color Laser Multifunction Printer by PC World Magazine.

From many of the homebuilders to left-for-dead printing company Lexmark (LXK), investors don’t have to look far to find a short squeeze candidate, Jeff Macke said. But it can be a treacherous way to play the market, as the pop all too quickly will turn back into a drop.

"Photizo Group, an imaging-industry research boutique and part of the StreetBrains research consortium, became more constructive on the stock last week after Lexmark's analysts day. A move to quit selling three million low-end printers in unprofitable regions should raise returns. And profit comparisons will be quite easy in '08, Photizo notes.The stock, too, is back to a level that held at the summertime lows. And a Lexmark executive last week reported having bought $460,000 worth of stock near today's prices. Photizo thinks the stock can get to 50 in nine months."

so far a failed attempt at buying low, selling high so holding until at least even if possible

undervalued

Downgraded by Citigroup from Buy to Hold

Downgraded by Prudential from Overweight to Neutral

printer

stiff competiton from HPQ Kodak Epson sometime soon DELL
will drop the inkjet line, they have had to lower prices since they make one of the worst printers compared to the competition,
stock has lost 30% of its value this year alone