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H-P (HPQ) +0.7% AH after COO William Veghte discloses he bought 23K shares on Dec. 3-4 at prices...

H-P (HPQ) +0.7% AH after COO William Veghte discloses he bought 23K shares on Dec. 3-4 at prices of $12.93 and $13.03. Clobbered thanks to its poor FQ1 guidance and the Autonomy debacle, H-P has quietly rallied 18% from its Nov. 20 close of $11.70, as bargain hunters are lured by a low valuation (4.2x FY13E EPS). Though with H-P heavily exposed to two declining industries (PCs and printers) and dealing with a slew of internal problems, there are reasons why multiples have compressed so much.
Comments (5)
  • if it go up another 90%, i'll break even from where I bot it it in Feb
    5 Dec 2012, 09:21 PM Reply Like
  • That doesn't seem to be a lot of money for the COO of such a wonderful company.

     

    I just need a 40% pop to get back to even, but I fully expect to get there.
    5 Dec 2012, 09:26 PM Reply Like
  • Oh yeah.

     

    In the past few days, HPQ has made up for the losses in my AAPL stock.

     

    Now that's really hilarious.
    5 Dec 2012, 09:28 PM Reply Like
  • The Windows 8 HP premium is completely wiped out. As HP said already, they just need to focus on high-end printing. I just picked up a multi-printer for a mere $50 from Epson. HP's got to grow it multi-function printer sales at the low and the high end.
    6 Dec 2012, 08:22 AM Reply Like
  • I think that HP management must wake up of their outdated illusions. We are facing a dramatical transformation of consumption habits. PC share keeps falling while tablets are gaining share quarter after quarter. Unfortunately HP can't compete on the tablets market. It's very unlikely that they would become as successful as Apple or Samsung in foreseeable future. They are still face to face with Lenovo who has the lowest margins among world's top 5 PC makers, by the way. So maybe it's the best moment to sell the PC division as long as it's still worthy, cause as soon as Lenovo will be officially unreachable for HP, the PC division won't be sellable for its actual price anymore.
    6 Dec 2012, 09:02 AM Reply Like
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