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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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  • robot1234
    ·2022-04-10
    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
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  • Kirton
    ·2022-04-08
    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.
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  • Looyusooi
    ·2022-04-08
    Ok
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  • SCLIEW
    ·2022-04-08
    666
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  • HTChin
    ·2022-04-08
    Mr. WB also made mistake in some of his past investments like P&G and banks stocks. 
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  • Jess261
    ·2022-04-08
    Okay
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  • MHh
    ·2022-04-08
    HP doesn't seem to be doing well but Warren Buffet hardly get his valuations wrong... 
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  • Sunshine_2
    ·2022-04-08
    OK
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  • RichyRick
    ·2022-04-08
    Good to know 
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  • Sysy
    ·2022-04-08
    Ok
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  • Ah_Meng
    ·2022-04-08
    Always trust Warran Buffett to do something in these uncertain times...
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  • RS142
    ·2022-04-08
    Good read
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  • Bspn
    ·2022-04-08
    Ok
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  • Uasbau
    ·2022-04-08
    Good infos
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  • EHG
    ·2022-04-08
    Like 
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  • bryanckc
    ·2022-04-08
    Like
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  • WaiSiong81
    ·2022-04-08
    👍
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  • miker9110
    ·2022-04-08
    K
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  • xuero
    ·2022-04-08
    WB sees the value in this company when everyone just chase after hot stocks[Cool] 
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  • 我i168
    ·2022-04-08
    Cigarette butts company?[LOL] 
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