My bullishness on Lenovo (OTCPK:LNVGY)
hasn’t been the most popular of my calls over the last year, but the
company has made real progress delivering on its strategic goals and the
shares are up more than 70% over the past year – well above the likes
of HP (HPQ), Apple (AAPL), Acer, and Dell (DELL) – and have likewise outperformed strongly since my last update even before the big post-earnings run.
With
the progress Lenovo’s made, I feel more comfortable easing up on some
of the conservatism I’ve used in my modeling. I don’t think the shares
are hugely undervalued, but there is still plenty of skepticism out
there and the company has meaningful growth opportunities in its server
business that augment a healthy core PC business.
Continue here:
Lenovo Delivering On Its Promises And Outperforming As A Result
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