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.
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