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HP Inc. Message Board

  • txtrader77 txtrader77 Jan 17, 2013 5:46 PM Flag

    chanos is my hero.....

    NEW YORK (Reuters) - Jim Chanos, a short-seller who gained a measure of fame for anticipating the collapse of Enron, said in an interview with Reuters TV that he is still betting against the shares of Hewlett Packard and also sees problems in the retail sector.

    Chanos, president and founder of the roughly $6 billion hedge fund Kynikos Associates, said that HP still suffers from past acquisitions and lack of leadership, while online consumption is stealing profits from major retailers.

    "Hewlett has its own baggage due to previous management's mistakes, particularly in the acquisition front," Chanos said

    lol....that about sums it up.......

 
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