Xerox Holdings: Structural Declines Persist

Group 1 - The core viewpoint is that Xerox Holdings (NASDAQ: XRX) is considered to have a structurally impaired business with no potential for positive earnings growth, leading to a sell recommendation [1] - The investment approach emphasizes a fundamentals-based strategy, focusing on companies with long-term durability and robust balance sheets rather than merely low multiples [1] - There is a recognition that investing in successful companies carries risks, particularly regarding valuation, but some situations may justify less concern about price in the short term due to significant development potential [1]