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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (49658)	10/5/2012 9:31:26 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78744

EKS, You are totally right that HPQ has negative tangible book and that's a strike against it. I and Clownbuck have been saying for some time that their balance sheet looks ugly. Waiting is definitely the name of the game and was the best thing to do so far. IMHO, HPQ has been mismanaged through CEO carousel and is still in sorry shape. This week's drop was due to the fact that new CEO pretty much acknowledged that there's no clear turnaround direction, which hit investors confidence in her ability to manage and turn this company. Spinoffs might be interesting although it's tough to say. When Lucent spun off Avaya and Agere (?) and itself collapsed, neither of the companies did great. So it's not obvious that HPQ has divisions that are supergreat. Perhaps enterprise segment, but I know too little about it.