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Hewlett-Packard Company Message Board

  • beegdawg2 beegdawg2 Mar 20, 1998 9:50 PM Flag

    Nice move!


    You say, "As an owner, I doubt that you are impressed with the move from $50 -- $62 over the last two years".

    The truth is, you could have bought HP stock for about $44 to $48 throughout most of 1996 and you could have paid as little as $37 3/4 on July 31st, 1996. If you paid an average price of $45/share, the ROI would have been over 39% since 1996. That is 39% at todays closing price of 62 13/16.

    I actually feel that the stock will see $78 by year end. If so, I will earn 73% on my 1996 stock purchase. In addition, I have regularly sold covered calls which have made me another 20% since then. I am actually very, very satisfied with the performance of my HP stock.

    Now I ask you, do you really think that there is a company out there that would be able to pay $50Billion dollars to buy HP???




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    • is $75 - $80 by year-end. While not a chartwatcher to any significant degree, it is worth noting that HWP has moved in sputs for several years now. Often this is reflective of the fact that they take the time to properly develop a new business opportunity rather than just jump in. The acquisition last year put them into e-commerce. they are doing some work in photoelectric that will make their venture into digital photgraphy much more effective than Kodak's botch.

      Like you, I got in in the $45-$49 range and have added some at $60-62. last year a wrote calls on 100% of the holding with much success. This year I'm only writing on 50% of the holding so I don't get soaked covering it when the next upward spurt occurs.

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