Why Billionaire Warren Buffett Took A Stake In HP

Yahoo Finance2022-04-07

In many respects, HP has earned the stamp of approval from billionaire investor Warren Buffett.Buffett's Berkshire Hathaway revealed it owned 121 million shares of HP in a new filing Wednesday evening...

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Comments

robot1234
2022-04-10
robot1234
Warren Buffett's Berkshire Hathaway revealed it owned 121 million shares of HP in a new filing Wednesday evening. The investment — valued at $4.2 billion — gives Berkshire Hathaway a roughly 11.4% stake in HP. Many investors were puzzled with the hugh investment. One major reason should be the stunning turnaround of HP performance under CEO Enrique Lores. The company squashed analyst profit forecasts for its first fiscal quarter (reported in late February). And the company offered up an upbeat outlook despite ongoing supply-chain constraints and a slowing PC market. HP shares only trade on a forward price-to-earnings multiple of 8.5 times, which is well below the forward PE multiple on the S&P 500 of about 18.2 times. It's also bizarrely below the 12 times rival Xerox shares
Kirton
2022-04-08
Kirton
I wonder if this is a self fulfilling prophecy at times. He announces investment in a company and people flock to buy, driving up prices. Andthen he sells later at a big profit.
Looyusooi
2022-04-08
Looyusooi
Ok
SCLIEW
2022-04-08
SCLIEW
666
HTChin
2022-04-08
HTChin
Mr. WB also made mistake in some of his past investments like P&G and banks stocks.
Jess261
2022-04-08
Jess261
Okay

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The investment — valued at $4.2 billion — gives Berkshire Hathaway a roughly 11.4% stake in HP.\"Berkshire Hathaway is one of the world’s most respected investors and we welcome them as an investor in HP Inc,\" an HP spokesperson said.Buffett's investment makes sense for several reasons.First, HP has been humming right along under CEO Enrique Lores as his operational turnaround continues to bear fruit.The company squashed analyst profit forecasts for its first fiscal quarter (reported in late February), powered by strong sales of commercial computers and printers. HP said commercial computer and printer sales rose 26% and 9%, respectively, from the prior year.The strength in commercial computers and printers offset a more muted performance for consumer products. HP said consumer PC sales fell 1%, while consumer printing sales dropped 23%.Operating profit margins expanded 70 basis points in HP's personal systems segment, but declined 160 basis points in the printing business.HP — a prolific purchaser of its own stock under Lores — repurchased another $1.8 billion of its stock in the quarter.The company offered up an upbeat outlook despite ongoing supply-chain constraints and a slowing PC market.For the second fiscal quarter, HP sees EPS in a range of $1.02 to $1.08. Analysts had estimated $1.02 a share. The company lifted its full year EPS outlook to $4.18 to $4.38 a share from $4.07 to $4.27 previously. Wall Street was modeling for $4.17 a share.While HP has rolled right along during the pandemic — in part also fueled by aggressive cost management that has bolstered profits — Lores has begun to put his stamp on the company's future through acquisitions.The company said in late March it would buy workplace collaboration solutions provider Poly for $3.3 billion. That comes on the heels of a 2021 acquisition of gaming peripheral maker HyperX for $425 million.Despite all of these efforts, an argument could be made that HP's stock hasn't been properly valued by investors — hence Buffett enters smelling a dislocation.HP shares only trade on a forward price-to-earnings multiple of 8.5 times. That's well below the forward PE multiple on the S&P 500 of about 18.2 times. It's also bizarrely below the 12 times rival Xerox shares fetch, in the face of less stronger performance than HP throughout the pandemic.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9015477290,"gmtCreate":1649551390790,"gmtModify":1676534527724,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"idStr":"3561596430587504","authorIdStr":"3561596430587504"},"htmlText":"Warren Buffett's Berkshire Hathaway revealed it owned 121 million shares of HP in a new filing Wednesday evening. The investment — valued at $4.2 billion — gives Berkshire Hathaway a roughly 11.4% stake in HP. Many investors were puzzled with the hugh investment. One major reason should be the stunning turnaround of HP performance under&nbsp;CEO Enrique Lores. The company squashed analyst profit forecasts for its first fiscal quarter (reported in late February). And the company offered up an upbeat outlook despite ongoing supply-chain constraints and a slowing PC market. HP shares only trade on a forward price-to-earnings multiple of 8.5 times, which is&nbsp;well below the forward PE multiple on the S&amp;P 500 of about 18.2 times. It's also bizarrely below the 12 times rival Xerox shares","listText":"Warren Buffett's Berkshire Hathaway revealed it owned 121 million shares of HP in a new filing Wednesday evening. The investment — valued at $4.2 billion — gives Berkshire Hathaway a roughly 11.4% stake in HP. Many investors were puzzled with the hugh investment. One major reason should be the stunning turnaround of HP performance under&nbsp;CEO Enrique Lores. The company squashed analyst profit forecasts for its first fiscal quarter (reported in late February). And the company offered up an upbeat outlook despite ongoing supply-chain constraints and a slowing PC market. HP shares only trade on a forward price-to-earnings multiple of 8.5 times, which is&nbsp;well below the forward PE multiple on the S&amp;P 500 of about 18.2 times. It's also bizarrely below the 12 times rival Xerox shares","text":"Warren Buffett's Berkshire Hathaway revealed it owned 121 million shares of HP in a new filing Wednesday evening. The investment — valued at $4.2 billion — gives Berkshire Hathaway a roughly 11.4% stake in HP. Many investors were puzzled with the hugh investment. One major reason should be the stunning turnaround of HP performance under CEO Enrique Lores. The company squashed analyst profit forecasts for its first fiscal quarter (reported in late February). And the company offered up an upbeat outlook despite ongoing supply-chain constraints and a slowing PC market. HP shares only trade on a forward price-to-earnings multiple of 8.5 times, which is well below the forward PE multiple on the S&P 500 of about 18.2 times. It's also bizarrely below the 12 times rival Xerox shares","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9015477290","repostId":2225928597,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012729264,"gmtCreate":1649381246673,"gmtModify":1676534502814,"author":{"id":"3559451184746752","authorId":"3559451184746752","name":"Kirton","avatar":"https://static.tigerbbs.com/e41d69df3ca33182d7a527fc4f4ce0cb","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":8,"crmLevelSwitch":0,"idStr":"3559451184746752","authorIdStr":"3559451184746752"},"htmlText":"I wonder if this is a self fulfilling prophecy at times. He announces investment in a company and people flock to buy, driving up prices. Andthen he sells later at a big profit.","listText":"I wonder if this is a self fulfilling prophecy at times. He announces investment in a company and people flock to buy, driving up prices. Andthen he sells later at a big profit.","text":"I wonder if this is a self fulfilling prophecy at times. He announces investment in a company and people flock to buy, driving up prices. Andthen he sells later at a big profit.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012729264","repostId":2225928597,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012765194,"gmtCreate":1649380809252,"gmtModify":1676534502725,"author":{"id":"4100437715079400","authorId":"4100437715079400","name":"Looyusooi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4100437715079400","authorIdStr":"4100437715079400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012765194","repostId":2225928597,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012719577,"gmtCreate":1649379125338,"gmtModify":1676534502065,"author":{"id":"4092970777728640","authorId":"4092970777728640","name":"SCLIEW","avatar":"https://static.tigerbbs.com/5da553e4d3d35db75d1caae023ca8a03","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4092970777728640","authorIdStr":"4092970777728640"},"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012719577","repostId":2225928597,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012440781,"gmtCreate":1649376234194,"gmtModify":1676534500795,"author":{"id":"3558572212270238","authorId":"3558572212270238","name":"HTChin","avatar":"https://static.tigerbbs.com/18b5addeebc1b55d0e0aa45772b119a3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3558572212270238","authorIdStr":"3558572212270238"},"htmlText":"Mr. WB also made mistake in some of his past investments like P&amp;G and banks stocks.&nbsp;","listText":"Mr. WB also made mistake in some of his past investments like P&amp;G and banks stocks.&nbsp;","text":"Mr. WB also made mistake in some of his past investments like P&G and banks stocks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012440781","repostId":2225928597,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012459042,"gmtCreate":1649375844431,"gmtModify":1676534500425,"author":{"id":"3586490638953193","authorId":"3586490638953193","name":"Jess261","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3586490638953193","authorIdStr":"3586490638953193"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012459042","repostId":2225928597,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":503,"commentSize":109,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2225928597"}