The company has messed up badly, but I think this is now a splendid opportunity to buy one of the premier stocks of the next decade.
Strategies
3481 posts
The well-documented missteps at Hewlett Packard provided us with what we feel is an opportunity to buy shares in a company that remains competitive in most of its business lines, generates a lot of free cash flow, and has a sterling balance sheet.
PetSmart (PETM) remains strong as Americans resist cutting back their purchases for Fido during any recession.
Neither the earnings discussion nor the possibility of a hard landing in China have found their way into mainstream media yet, which is concerning.
Bob Gay is founder of Global Equity Analytics and Research Services [GEARS]. He manages 4 investment models on Covestor.
I was recently asked to explain my selling methodology. Let me highlight a couple of points on this topic.