Let the tech bears take it on the chin for a change. This morning, Silicon Valley stalwart Hewlett-Packard
Call it a sticky-sweet dish of revenge for our 120,000-plus Motley Fool CAPS community, which, collectively, gives HP four of the maximum five stars:
Metric |
|
---|---|
CAPS stars (out of 5) |
**** |
Total ratings |
2,586 |
Bullish ratings |
2,410 |
Percent bulls |
93.2% |
Bearish ratings |
176 |
Percent bears |
6.8% |
Bullish pitches |
384 |
Bearish pitches |
42 |
Data current as of Nov. 18, 2008.
"HPQ is currently trading at about half its industry peers, with a current P/E of ~10 and forward P/E of 7," wrote CAPS investor MarionContrarion about three weeks ago. "This discount overcompensates for overseas sale issues such as recent dollar strength and slowing economies. The stock is currently trading as if earnings will shrink 5% annually over the next 5 years, or be flat forever ... While not necessarily the bottom, I'm adding to my position here."
Good call. And a welcome change. The Valley hasn't exactly been brimming with good news. Intel's
Hewlett-Packard bested them all, in part because of its now-completed deal for services giant EDS. It’s a strategy that makes HP a lot more like IBM
Tech is dead? Not yet. Not even close. Eat green, bears.
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