The broad selloff isn't touching H-P (HPQ +14.2%) following last night's earnings. Jefferies'...


The broad selloff isn't touching H-P (HPQ +14.2%) following last night's earnings. Jefferies' Peter Misek weighs in with an upgrade from Sell to Hold. He praises H-P for having the discipline to sacrifice PC market share to retain profitability (unlike DELL; Whitman (transcript): "Maybe that's what you do when you're about to go private.") Misek also likes the cash flow guidance of $7.5B - "(it) materially changed our view of H-P margin, cash flow, and EPS prospects."

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Comments (2)
  • TwistTie
    , contributor
    Comments (2429) | Send Message
     
    If you took Mr. Misek's advice previously, what exactly would you be holding?

     

    I'm holding a BLT, a 25% gain in HP shares, and a 2.99% YOC.

     

    I'm going to write Aunt Meg a thank you note.
    23 May 2013, 12:31 PM Reply Like
  • Zeus2012
    , contributor
    Comments (714) | Send Message
     
    Especially if you bought the shares around $12 last November after Aunt Meg kitchen sinked the quarter.

     

    As I bought mine around $15, I was quite concerned about this last November. Guess it all worked out.
    23 May 2013, 03:25 PM Reply Like
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