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. ®
Actually, no.... investors do not purchase stock with high yield, but with high prospects, usually... Therefore his claim the stock is under-evaluated, which means "It's going to go up soon! Don't miss the train!"
Both 1.4% and 0.7% are waaay under what investors hope to get in a normal year.
Of course, the investors might have changed their habits recently...
Might have something to do with profit
Maybe I am crazy, but most investors purchase stock that is profitable. Maybe HP's problem has something to do with their 0.7% DIV/Yield and 2.93 EPS as compared to their main competitor IBM who has a 1.4% DIV/Yield and 7.18 EPS. Pretty much explains why HP's stock is selling at a bit under half of IBM's price. Maybe Hurd needs to go to a finance 101 class instead of complaining to his investors. Either that or become a better marketing company like Apple.
Mines the one with the stock market for dummies book in the pocket.
Clients may have noticed.
that HP is short and reverse for POOH.
Bought a scanner that happens to be rubbish. Paid 700 euros the piece and scans of slides are out of focus, the software is rubbish, the enclosure is not airtight so dust gets in, the support and sales are crap.
Any printer/scanner driver ought to be considered as bugs-meware, resourcegreedyware or connecttoHPware.
I got an Epson for 150 euros that does WAY better.
Who the heck stopped the "GetReallityGrasp" server to the HURD????