Hewlett-Packard too Cheap to Ignore

While there is short- and intermediate-term uncertainty about the outlook for a number of businesses within Hewlett-Packard (HPQ), we believe the company will prosper and return to a slow-growth revenue and earnings mode. The stock is too cheap to ignore, and we are confident that the company is making significant progress in its turnaround. Even during this unsettled period, the company is earning a lot of money and has very favorable cash flow characteristics.

We initially recommended HPQ at higher price levels in June with the idea that we would start a position at that time and fill it out if the stock sold off. We believe the recent pullback creates that opportunity and we would add to the position here....404 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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