Hewlett-Packard Company Message Board
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$41.40, lowered buy bid to $39.52
Market volume has been low in recent slow up creep. (Trading volume in S&P 500 is 20% lower this Nov-Dec than last year.)
Euro risk is too much to break 1,250, going sideways in mho.-
bacbacker,
Don't use forward PE unless you believe Lah-O and Cathie are seers who had told us about the BP blow-out, that the Giants won the World Series; and they can tell us who will be in the Superbowl this year and if hp's tablet/phones will garner 10% of of markets -
MSN shows nicely the forward P/E. INTC and MSFT trading with forward PE of over 10x, while HPQ trades with forward PE of ridiculous 7.40.
http://moneycentral.msn.com/detail/stock_quote?Symbol=hpq&getquote=Get+Quote
http://moneycentral.msn.com/detail/stock_quote?Symbol=intc&getquote=Get+Quote
http://moneycentral.msn.com/detail/stock_quote?Symbol=msft&getquote=Get+Quote -
oops, i got confused with forward p/e
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bacbacker,
Those are not trailing eps but estimates for 2011. I had made numberous comparisons in the past (someone else turn to update them):
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_H/threadview?bn=8899&tid=688164&mid=688181 -
INTC's trailing PE is nowhere close to HPQ's. If HPQ is traded at over 10x as INTC and MSFC are, HP's stock would be over $50.
http://finance.yahoo.com/q/ae?s=HPQ+Analyst+Estimates
http://finance.yahoo.com/q/ae?s=INTC+Analyst+Estimates
http://finance.yahoo.com/q/ae?s=MSFT+Analyst+Estimates -
newtrader20....
Yes but since I'm not shorting or buying puts, no skin off my nose with the $39.52 bid. BTW, it is only ~5% from today's close of $41.89.
Intel is now at $21.23 with identical trailing PE as HP but greater profit margin and a monopoly in CPUs. It's not $19 any more but still better buy than hp in mho:
$43.40, told you about intel and bac 5-Nov-10 12:07 pm before when they were below $19 and $12 respectively. Now, take a look at msft ... low PE and piles of cash with dividend coming. Best buys below $26.50 if NAS continue to rise to new highs. -
Hello Uncle, when do you think it will go to the $39.52 area?
- 2 Replies to newtrader2011
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newtrader20...,
May be in final 30 minutes or early Monday with the euro fear and renewed Chinese credit tightening. Of course, I am just playing the % of buying lower and selling higher. Your tolerance of risk and reward differs. -
Watch the Cathy sales. She is the single most important person in his career for the next 3 quarters.
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