>> CPQ << Paul.. Alex.Brown did a "number" on it (and DELL). We know that. But the rest of the big boys stuck to their guns. I discussed that, that day with Merrill. Like I said, I've been accumulating it for quite a while so my cost basis is very low and I rode it through a split. I took some money off the table at 67 and change, and then bought some back at the next day at 62.
Merrill is still strong on it (as well as the others). One other reason is, it will split 2 for 1 as of 10/31 I beleive.
I still like it. I think the downgrades (IMO) have been in conjunction with the MM's and analysts supporting the profit taking (which again IMO is justified), and the "window dressing" for Y/E, and regardless of the P/E they are still #1. They have forced IBM to compete in the less that $1000 PC market. Their Presario line ($999 and $799) boxes are selling very well. Very well. And there still is more in the works with the Tandem acq. w/r/t to the enterprise.
So, I think all in all, I think it's still a good investment and will reward.
Same with DELL and IBM.
One "lost opportunity" I am quite p*ssed off about missing is LU. My wife works for them, and when they split off (I believe they went off at around what 26 or so?), I wanted in (but there was this stupid company, errr... Networking .... NOV? something <G>, that had some $$$ tied up <groan>).... Now LU's at what, 82 or something? Sheesh.
Anyway, I still like CPQ even at these levels (and even with the potential of a short-term dip IMO).
Joe...
PS: For anyone lurking on this BBS, I am not a broker nor an advisor, and I strongly suggest you do your own research or check with a reputable broker or service. All investments carry a degree of risk, and you should make your own investment decisions without influence. |
