HP CEO asks investors to do more
Be rich like me
Okay, okay. The stock market is as stable as Steve Jobs at an Egos Anonymous beef-only barbecue. The irresponsibility and greed of the very firms controlling Wall Street have resulted in plummeting stock prices and a crippled housing market. But, you know, CEO Mark Hurd would like everyone to pause for a moment and consider how they've missed out on a great investing opportunity with HP.
"We think our stock is undervalued based on our performance," Hurd said at an investors conference in Boston, according to a Reuters report. "We continue to be active with our shares."
HP has in fact done rather well under Hurd's leadership - spy scandal and piddling pensions notwithstanding. Quarter-after-quarter, the company turns in consistent results across its various product lines and services operations.
Investors seem to have noticed Hurd's hard work, pushing HP shares up more than 100 per cent since the fella took over from Carly Fiorina. But frankly, you haven't noticed enough. ®