Consensus estimates have heavily weighted by the 26 analysts who have only a hold or a sell on the stock while only 7 analysts have rated it a buy or a strong buy.You just keep quoting those who have been wrong and I will continue holding the stock as Meg Whitman engineers HPQ's turn-around
I can accept that even though I do not your believe your no revenue or EPS growth.projection. Consider a $3.60 EPS , a 50% payout ratio of $1.80 and a 5.00% yield.That would produce a $36 stock price with even further upside if your no growth senario proves to be overly pessimistic.
Sentiment: Strong Buy
It never pays to listen to analysts that have been totally wrong on a stock as they are continually giving views that tries to justify their error.Most tech analysts feel that if it is not growing it is worthless.Earnings and cash flow made HPQ an exceptionall cheap value stock, a fact that was missed by most analysts a year ago and still holds true today.
The decline in BBRY yesterday and today has little to do with the offer but nearly entirely due to the manipulation of HFT, The fact that NASDAQ volume is !9.5 million shares while only 1.7 million shares have traded on the TSE more than illustrates my point.
We should know from the 8:30 AM Fairfax conference call tomorrow morningExpect a short covering spike before the close
No bids does not make any logical sense .Any liquidator would bid the cash per share with its its profit being what could be realized from inventory,real estate and patents after paying off debt. I guaratee there will be a bid,maybeenot a n acceptable bid .
After listening to Meg Whitman ,I am convinced that HPQ is fully worthy of a 9-10 PE.Stock should trade at $30 by year end.Still only 7 of 32 analysts rate it a buy.
Warsa is smart enough not to put out his best bid first.It probably was a statergy to scare off other bidders.If some-one tops his $9.00 bid he will undoubtably counter with a higher bid.The odds are above 50% that BBRY goes out above $9.00.If it is true that the interest in BBRY is as high as reported,leaks and rumours will force the shorts hand shortly
HPQ will be holding its Analysts Day on Oct. 9th.If Meg Whitman can convince the analysts that the HPQ turn-around is still on track, I would expect the stock to regain its upward momentum.. With modestly rising earnings, a stock buy-back in place,strong cash flow and the prospect of a dividend increase, the stock at 5.9 times earnings is grossly undervalued.