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Author: mungofitch Big gold star, 5000 posts Top Favorite Fools Top Recommended Fools Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 14655  
Subject: Re: HP Date: 11/21/2012 6:52 AM
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With so many attractive alternatives among IT companies which face short-term,
business cycle issues and/or fiscal cliff panic, why bother with HP's
seemingly endless list of self-inflicted wounds which might take years to fix.


Answer: entertainment value!
At 0.1% of my portfolio I can afford to take a flutter.
I went for $13 call options at $1.45. By fat the most likely outcome is that I lose $145.
If they go back to their 52 week high I make $1555. As I say, pure entertainment value.
Plus, it's faintly possible that they will have a very different reputation in a year.
Maybe flattish revenue but rising earnings & share price and a secure looking dividend.
Weirder stuff has happened.

With hindsight the main problem with the acquisition was clear:
you can't successfully take over a company called "autonomy".

Jim
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