HWP -- Hewlett Packard Message Board

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Technology Stocks : HWP -- Hewlett Packard

HPQ 20.38

-1.1%

Jan 16 3:59 PM EST

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To: uu who wrote (2568)	8/12/1998 10:32:00 AM
From: Kirk ©	Read Replies (1) of 4722

> It would be hard to imagine HWP around low 40's. Yes, true. But then just a couple of months ago when HWP was at $80/shr people said it is hard to imagine HWP around $60/shr (not to mention $50). No it wasn't. $60-$70 was my "fair value" range so I was selling above $70 all the way up. Not fast enough, but I am buying back now. It hit $82 on rumors and not fundamentals. Now it is oversold on fear. $51/$2.89 = 17.7 figure we'll start discounting in next years earnings soon, maybe return to near market multiples, etc..... HP has not seen a multiple of 17 for awhile...Lots of upside. I think I will do so very shortly (hopefully in the mid $40's) and not below it! You will probably have to wait awhile....until the next stock split! I bet we see $60 before $40! regards Kirk out

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