...a little tired of being beaten on the head once too often in this stock.
I can understand that. However, that sentiment, just like the AAPL stock price comparison, is based on past movements and relatively recent ones at that. Looking at the longer term, with a variety of products, existing and under development, in a variety of markets, HWP is well positioned for future growth. Looking backward again, even with the recent decline, HWP has returned more than 20% per annum since this decade began, more if you bought the dip in 1990. Now that it has dipped back to levels first seen two and a half years ago and is carrying a 17 PE, this is not the time to sell. A contrarian would suggest that the sour sentiment, apparently shared by many, means that this is the time to buy. Getting darn close anyway.
JMO,
Bob |
