Why You Still Don't Bet Against HP
The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.
In today's edition, Austin talks about why he isn't betting against tech space pariah Hewlett Packard. Despite being an arguably directionless company with a management in a revolving door, HP is so darn cheap right now that any good news sends shares upward. That's exactly what happened recently when it maintained its lead in PC shipments at 15 million units; only HP and Apple gained market share. Trading for less than five times market share is hard to ignore as well. Ultimately Hewlett Packard isn't a company that I'd suggest buying, but certainly not one I'm suggesting you bet against.
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At the time this article was published Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple.Motley Fool newsletter services recommendApple. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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