Ricoh looks cheap after acquisitions -Barron's

02 August 2009 @ 07:43 pm EDT

Ricoh Co Ltd (7752.T) shares could be undervalued as investors overlook the benefits of two healthy acquisitions that could help the stock rise 30 percent over the next year, Barron's reported.

CAPTION ADDITION - ADDING IDENTITIES (L-R) Oakland Athletics catcher Kurt Suzuki, MLB President Bob Dupuy, Yomiuri Shimbun Holdings President Hitoshi Uchiyama, Boston Red Sox Chairman Tom Werner, Red Sox pitcher Daisuke Matsuzaka and Ricoh Co., Ltd President and Chief Executive Shiro Kondo attend a sake barrel breaking ceremony at a welcome party in Tokyo March 21, 2008, ahead of their season-opening baseball games on March 25 and 26 in Japan.

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The Japanese company has transformed itself from an office-machine maker into a global technology solutions provider that gets most of its revenue from software and services like consulting.

Ricoh's acquisitions of a majority stake in IBM's American print systems unit, InfoPrint Solutions in 2007, and its acquisition of Ikon Office Solutions last August will help the company compete with rival Canon, said Barron's. (Reporting by Yinka Adegoke; Editing by Leslie Adler)

Ricoh looks cheap after acquisitions -Barron's

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