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Investing/Strategies / Falling Knives
|Subject: Re: HP||Date: 11/20/2012 12:47 PM|
|Author: mungofitch||Number: 12912 of 14749|
A very large flaming piano.
It sure is! Man, what a nightmare. "Nah, we didn't overpay, the numbers were cooked!"
Even if true, what a boondoggle.
It's trading at $11.83, so I just doubled my position.
From almost nothing to not-quite nothing.
FWIW, the lowest EPS estimate among 33 analaysts is EPS=3.25 for the year ending Oct 2013.
So that most-pessimistic forecast puts them at a P/E of 3.6x.
I don't normally believe analysts at all, but hey, that's a really small number dude.
Should be fun to see what the stock price does when they cut the dividend.
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