Another Hit to Retail Investor Confidence
The story of the day is clearly Hewlett-Packard (HPQ).
The details are coming fast and furious, but for a company the size of HPQ with so many bankers and audit firms surrounding the $10 billion deal to buy Autonomy, the biggest question is "how?" How did this happen? On the surface, this story may look like it really only impacts HPQ, but this will further raise the suspicions and doubts of the retail investor. Did HPQ and the banks all get snookered? Did HPQ simply not care? Did the banks know and not care as long as they were getting paid? Does any of it matter? I believe it does....265 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
