Is Hewlett-Packard Undervalued?

Filed under: Hewlett-Packard (HPQ), Stocks to Buy

As outlined in November 2010, Hewlett-Packard Company (HPQ), first discussed on April 24, 2009 at a price of $35.80, has made it through its autumn rough-patch, and the stock has since moved further norther this winter to trade at/near $48.



And needless to add, Hewlett is still preferred here, and with a P/E of 10.5, HPQ is still on sale.



Hewlett remains well-positioned to increase market share in PCs, servers, printers, and IT services in 2011. The company's cost reduction efforts have gone reasonably well, and it's made progress re-positioning its customer services operation to become the one-stop shop that many customers seek. Look for 2011 revenue to rise 5-7%, followed by a similar increase in 2012.

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Is Hewlett-Packard Undervalued? originally appeared on BloggingStocks on Tue, 15 Feb 2011 18:00:00 EST. Please see our terms for use of feeds.

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