Former (R) Candidate Meg Whitman Receives $15 mil bonus while HP goes in toilet

[palmetto defender]

Originally Posted by Warfish

First few paragraphs would seem to disagree with you.

Warfish, I'm a numbers guy. I analyze specifics. I looked at the HP income statement and balance sheet BEFORE I got involved in this discussion. The numbers are not bad. Terrible year just ended yes. Forecast to have a ++ year this year. This is a gigantic operation with a NEW CEO who has a good track record. A fixer.
That said, I follow the Buffett model (even though he's a hypocrit and crook he is a smart investor) and own zero tech. He feels it's too easy to pre-empt. Nobody can pre-empt a railroad or utility or Coke or Boeing or big oil.
Any tech can be outflanked - even IBM.

[quantum]

Nothing compared to Jon Corzine's crimes, and he was a US Senator and advisor to Obuttocks.

[palmetto defender]

Originally Posted by quantum

Nothing compared to Jon Corzine's crimes, and he was a US Senator and advisor to Obuttocks.

Corzine should be in jail right now. He was a crook at Goldman before he got into politics where he remained corrupt. Then his last venture - bad.
Plus bundling crooked donations for the Hawaiian.
BTW, Chuck the Schmuck Shumer just annnounced that the Senate WILLLL have a budget this year which includes HIGHER taxes (surprise) and the Repubs "better get used to it". This is YOUR senator Q. Help get him out of there. I have two nicely conservative R senators. LOL.

[detectivekimble]

Originally Posted by parafly

HPQ is down 65% in the last three years. Their products suck and the party is almost over for them as well.

+1

Terrible products, terrible company. This will be a great stock to short soon.

[palmetto defender]

Originally Posted by detectivekimble

+1

Terrible products, terrible company. This will be a great stock to short soon.

LMAO. Current price - $17.11
Projected consensus 2013 earnings per share $ 3.32
"Low" PE ratio for large tech ( all of which are in bad shape except IBM) 10

Hence a reasonable 1 year price EPS X PE = @$33

Even if it was $23 - not bad

100 bill in assets 120 bill sales. Yeah OOB tomorrow.
YOU may not like their products BUT sales say different.
Bigger than IBM. #29 in the world. #13 in the U.S.

Kinda like the people saying Walmart is all washed up. Because they wouldn't be caught dead in one.

[PlumberKhan]

Originally Posted by detectivekimble

+1

Terrible products, terrible company. This will be a great stock to short soon.

Bingo.

HP makes the worst PC's out there.

[Ha Ha Ha]

Originally Posted by detectivekimble

+1

Terrible products, terrible company. This will be a great stock to short soon.

Originally Posted by PlumberKhan

Bingo.

HP makes the worst PC's out there.

You people do realize that HP's bread and butter is servers, right?

They are by far the global leader in terms of market share in the server sector. Although IBM is a close second.

Their PC's may suck in your opinions, but that has little to do with their business approach and overall corporate strategy.

[palmetto defender]

Originally Posted by Ha Ha Ha

You people do realize that HP's bread and butter is servers, right?

They are by far the global leader in terms of market share in the server sector. Although IBM is a close second.

Their PC's may suck in your opinions, but that has little to do with their business approach and overall corporate strategy.

My God. Someone who sees the big picture. Congrats. Imagine a company with a diverse product line. How novel.
$120 Billion in sales doesn't lie. BTW, HP's PC market share STILL holds at #1. By a sizable margin.

[parafly]

Originally Posted by Ha Ha Ha

You people do realize that HP's bread and butter is servers, right?

Incorrect.

Their true bread and butter and biggest revenue generator is printing, an industry which is contracting and on the decline. Their business model of selling a printer at a loss and making up the revenue in subsequent ink cartridge sales is not sustainable for the long term in my opinion. Printing is going the way of faxing.

There is no denying that HP has the capability to adapt and remain a powerhouse in the tech industry. Personally, I wouldn't make that bet, but others may see it differently.

[BushyTheBeaver]

Originally Posted by Ha Ha Ha

They are by far the global leader...Although IBM is a close second.

Something not right about that sentence.

[palmetto defender]

Originally Posted by parafly

Incorrect.

Their true bread and butter and biggest revenue generator is printing, an industry which is contracting and on the decline. Their business model of selling a printer at a loss and making up the revenue in subsequent ink cartridge sales is not sustainable for the long term in my opinion. Printing is going the way of faxing.

There is no denying that HP has the capability to adapt and remain a powerhouse in the tech industry. Personally, I wouldn't make that bet, but others may see it differently.

Like ANY company, there needs to be adaptation or DEATH.
Seen numerous ( I can think of 20+) retailers who are gone over the last 30 years.
Auto, aircraft, apparel, food, tech. Many gone. Adapt or see ya.
Not many 100 bill failures though.

[Ha Ha Ha]

Originally Posted by parafly

Incorrect.

Their true bread and butter and biggest revenue generator is printing, an industry which is contracting and on the decline. Their business model of selling a printer at a loss and making up the revenue in subsequent ink cartridge sales is not sustainable for the long term in my opinion. Printing is going the way of faxing.

There is no denying that HP has the capability to adapt and remain a powerhouse in the tech industry. Personally, I wouldn't make that bet, but others may see it differently.

Totally....I used to work in the document reproduction industry and part of our sales pitch was that ink and toner is one of the most expensive commodities on planet earth.

Think about it, they sell a 1.5 ounce cartridge of ink for $40, imagine what a 55 gallon drum of that ink would cost you......

[quantum]

Originally Posted by palmetto defender

Corzine should be in jail right now. He was a crook at Goldman before he got into politics where he remained corrupt. Then his last venture - bad.
Plus bundling crooked donations for the Hawaiian.
BTW, Chuck the Schmuck Shumer just annnounced that the Senate WILLLL have a budget this year which includes HIGHER taxes (surprise) and the Repubs "better get used to it". This is YOUR senator Q. Help get him out of there. I have two nicely conservative R senators. LOL.

Not mine. See his numbers last time he ran? Lots of stupid people in NY.

[quantum]

Originally Posted by Ha Ha Ha

Totally....I used to work in the document reproduction industry and part of our sales pitch was that ink and toner is one of the most expensive commodities on planet earth.

Think about it, they sell a 1.5 ounce cartridge of ink for $40, imagine what a 55 gallon drum of that ink would cost you......

its not the ink - its the cartridge, with that little bit of circuitry on it

[palmetto defender]

Originally Posted by quantum

Not mine. See his numbers last time he ran? Lots of stupid people in NY.

Just busting. Know you're conserv. NY is turned. Too many takers.
THe state that brought you the crook Charlie Rangel. Amazing.

Sad place. Although Peter King (R) is ok. My in laws attorney.

[MnJetFan]

I have had a HP desktop fror 5 years now and not one problem, that is more then I can say for Sony and Toshiba.

[detectivekimble]

Originally Posted by palmetto defender

LMAO. Current price - $17.11
Projected consensus 2013 earnings per share $ 3.32
"Low" PE ratio for large tech ( all of which are in bad shape except IBM) 10

Hence a reasonable 1 year price EPS X PE = @$33

Even if it was $23 - not bad

100 bill in assets 120 bill sales. Yeah OOB tomorrow.
YOU may not like their products BUT sales say different.
Bigger than IBM. #29 in the world. #13 in the U.S.

Kinda like the people saying Walmart is all washed up. Because they wouldn't be caught dead in one.

Yes, you should invest in HPQ. Go ahead. The company and stock is a POS. I'll short it at $18-$20 and will be laughing all the way to the bank.

[palmetto defender]

Originally Posted by detectivekimble

Yes, you should invest in HPQ. Go ahead. The company and stock is a POS. I'll short it at $18-$20 and will be laughing all the way to the bank.

If you bothered to read my posts, I have zero investments in any tech. HP is better than most. Short yourself to death. I invest, not gamble.
Did you notice that everybody's gold mine -Apple- will be opening down $50 this AM?

[JetPotato]

Originally Posted by quantum

its not the ink - its the cartridge, with that little bit of circuitry on it

You guys know that the cost of the circuitry and ink have very little to do with the price of the cartridge. What are we talking about here?