A classic investing strategy: Buy the unloved [Toronto Globe and Mail (Ontario, Canada)]
HP Inc. (HPQ)
Last hp inc. earnings: 2/24 04:05 pm
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Source: Toronto Globe and Mail
A classic investing strategy: Buy the unloved Back in 212, Hewlett Packard Co. was one of the most unloved stocks in North America. Its share price had plunged by about 75 per cent in less than two years. Apple Inc.’s iPad was cutting into its personal computer sales, profit margins were falling in all of its major businesses,and two CEOs had been shown the door. The company’s niche in the fast-changing technology world was uncertain – it seemed at risk of vanishing, like Eastman Kodak Co. or Atari Corp. It was a stock that few investors wanted to buy. Lorne Steinberg, president and portfolio manager at Toronto-based Lorne Steinberg Wealth Management Inc., didn’t see it that way. When he looked at HP, he determined that its printer business was worth more than its entire share price at that time, and the breakup value of the company was $4 a share, about triple the share price at the time. Story continues below advertisement “After we bought the shares at $13, it fell by another 2 per
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HPQ
News
- How The FTC's Ban On Noncompetes Will Transform The Tech Industry [Forbes]Forbes
- HP's Next Gen Antivirus Given Perfect Score In Independent Test [Yahoo! Finance]Yahoo! Finance
- HP's Next Gen Antivirus Given Perfect Score In Independent TestGlobeNewswire
- Ferrari enters new title partnership with HP [Yahoo! Finance]Yahoo! Finance
- Caltech resolves lawsuit against HP over Wi-Fi patents [Reuters]Reuters
HPQ
Earnings
- 2/28/24 - In-Line
HPQ
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- HPQ's page on the SEC website