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HP Inc. Message Board

  • stkpic79 stkpic79 Feb 8, 2013 3:11 PM Flag

    People will be disappointed

    There won't be any split in the near future. Earnings announcement comming on top of it. Should be a real mess. “They are now atoning for their sins,” says Dave Novosel of research firm Gimme Credit. He notes that while HP has more than $11 billion in cash, that stash is overshadowed by its $28 billion debt load. What’s more, he says, the firm is still paying the tab for $18 billion in poorly timed share buybacks since 2010. (Compare those sums to HP’s present $32 billion market value). “There’s so much debt, they’re strategically confused, and the cash flow needs to grow,” Novosel says. “I’d find it hard to believe they could go private.”

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