The purpose of this blog is to track 20 common stocks for a full year. The idea is to beat the S & P 500 like a mutual fund without the very high churn rate. These stocks will be held in a portfolio until next December 31.

Thursday, October 4, 2012

Hewlett Packard is a $5.00 Stock.

Here is an interesting article on the recent timeline of Hewlett Packard.
http://www.cbsnews.com/8301-505250_162-57525464/key-moments-in-hewlett-packards-recent-history/

It is interesting to note that the timeline starts with the announcement to purchase Compaq Computers in Sept of 2001 rather than the hire date of Carly Fiorina in July of 1999.

It should be noted that when a large portion of stakeholders are screaming, "NO".  It should be listened to.  The Compaq merger proxy vote gathered just a little over 50% support from HPQ.  That means just under 50% thought it was a bad idea.

Meg Whitman was recently quoted

 "I'm confident that 2013 will be the bottom of the turnaround and then you can look forward to good growth in 2014 and 2015 as those products kick in," she told CNBC's "Squawk on the Street" program. "The investments we're making in things like (information technology) systems, in our sales organization, in training, those things will start to kick in and I really think 2014 is going to be quite a bright year for H-P."

There is no reason to believe any of this is more that a desperate attempt to find...IT.  I do not mean Information Technology but rather the next IT.  The next wave of technology that will keep moving forward.