Was Buffett Wrong on the ‘Mark?

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Oct 30, 2005
Did Buffett make a wrong investment in Lexmark International (LXK, Financial)? When Buffett filed his acquisition of 1M shares of LXK, it was traded in the $60s. Now it is $43, thanks to a sudden drop in revenue and income for Q3′05. The detailed earning report is not out yet, but this is clear: low prices and low demands in the printer business are hurting Lexmark pretty badly.