Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

My Take on Hewlett-Packard



Sometimes you win,
sometimes you lose,
sometimes it rains.

It's raining all over my Hewlett-Packard (HPQ) puts this morning, as the stock rallies angry in response to Carly's ouster. Some assorted responses:

  • Hey, Walter Hewlett, if you're reading this, let's go out and have a couple pints at the "Moral-Victories-Don't-Pay" discount pub.

  • Does the company 180 now that Ms. Fiorina is gone? I doubt it very strongly.

  • "Absolutely not" is the answer to if I'm re-loading the puts. I'll hold a little burial ceremony for them in March but the stock simply isn't a short here. EPS, fuzzy numbers, "one time charge" games, none of them matter for the immediate future.

  • That and the fact that the story is now a very easy pitch on the sell-side ("Turn around story down there... look at the multiple!" etc.) is the reason the stock is so strong.

  • I don't like the stock long or short here. After the dust settles and we see who is going to be running the joint now it may be an asset-play long. But whoever the BOD chooses, they'll have a lot of re-building to do.

  • If I were the interim CEO I wouldn't want to "focus on the past" either, as that discussion would include a whole lotta "What did shareholders get in return for paying Ms. Fiorina hundreds of millions of dollars?" type of questions.
< Previous
  • 1
Next >
position in hpq

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos