There's a big difference between “cheap” and “cheap for a good reason”, and it's not always easy to tell the two apart. While Hewlett-Packard (NYSE:HPQ)
shares still appear to be undervalued on the expectation of any growth
at all, the ongoing execution issues do mean that a return to growth
shouldn't be taken for granted. At a minimum, there's still quite a lot
of work for management to do make this turnaround a success, and I do
have my concerns about the the effect of competition on those plans. On
the other hand, today's valuation doesn't exactly presume that those
efforts will end in major success.
Please follow this link for more:
http://www.investopedia.com/stock-analysis/082213/hp-still-looks-cheap-execution-issues-are-part-reason-why-hpq-dell-ibm-lnvgy.aspx
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