Andreas,
I believe CPQ is fully valued at current price. It is trading at the high end of its historical P/E range, no matter what earning per share you use, trailing EPS or projection EPS. (see exchange2000.com for numbers)
On the other hand, there are plenty of tech stocks trading at much attractive (than CPQ anyway) P/E multiples by the same comparison: SUNW, ASND, TLAB, IBM, HWP, CA, MSFT INTC. Even DELL and LU are more attractive because of their much faster EPS growth.
I am a CPQ share holder, I hope CPQ trading up, but still think CPQ is fully valued.
By the way, there are stocks like MOT, MU and WDC are more "over-valued".
Cheers,
XyZ |
