"I call investing the greatest business in the world because you never have to swing. You stand at the plate, the pitcher throws you General Motors at 47! U.S. Steel at 39! and nobody calls a strike on you. There's no penalty except opportunity lost. All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it." Warren BUFFETT	Donate with Paypal
- U.S.A. - Canada - U.K. - France - Germany - Japan - Hong-Kong	Hewlett-Packard - - DOW JONES 30 - Computer Hardware Hewlett-Packard Company is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including the public and education sectors. MARGIN OF SAFETY of Hewlett-Packard : 270.07 % The Margin of Safety of Hewlett-Packard is OK (>50%). How is the Margin of Safety calculated ? QUALITY : Conservative Investors : Enterprising Investors : What are the Stars ? FORUMS VISIT Hewlett-Packard FORUM ! Alerts : no buy or sell alert What are the alerts ? Price over 1 year : PRICE, INTRINSIC VALUE & MARGIN OF SAFETY based on GRAHAM's FORMULA What is the Graham's Formula ? Hewlett-Packard price is : (as of 5/21/2009) USD Current Earnings per Share (2009 est.) are : USD Estimated Long Term Growth (% per Year) is : % INTRINSIC VALUE = 3.76 x (8.5 + 2 x 12.59) = 126.64 USD MARGIN OF SAFETY = (126.64 - 34.22 ) / 34.22 = 270.07 % (OK) How is Long Term Growth estimated for Hewlett-Packard ? Historical analysis for Hewlett-Packard - See detail QUALITATIVE FILTERS FOR Hewlett-Packard What are the Stars ? DEFENSIVE ENTERPRISING COMPANY SIZE (MKT CAP. Mls $) Very Large 81,643 mls.$ OK The company's Market cap. is above 5000 millions dollars - FINANCIAL CONDITION Current Ratio 0.98 The current ratio is under 2 The current ratio is under 1.5 LT Debt/Net Curr. Assets -6.34 The LTdebt/current assets ratio is negative The LTdebt/current assets ratio is negative EARNINGS STABILITY Losses / 10 - 5 Years 1 / 0 Some losses in the past ten years No losses in the past five years DIVIDENDS Years of Dividends 15 15 years of dividend in the past 15 years Current dividends paid EARNINGS GROWTH Growth 10-5 Years 93% / 353%% Total Earnings growth above 33% for the past 10 years Last year earnings above earnings 5 years ago VALUATION P.E. x P/Book 19.08 P.E. x P/Book is under 22.5 P/Book is under 1.20 P.E. 9.1 OK PE is under 15 - P/Book 2.10 NO P/Book is above 1.5 NO P/Book is above 1.2 Hewlett-Packard - Competitors for Computer Hardware   STOCK QUALITY Conservative Investors MARGIN OF SAFETY Long Term Growth Price / Earnings   Hewlett-Packard - U.S.A. DOW JONES 30 Computer Hardware MARGIN OF SAFETY : 270.10 % Long Term Growth : 12.59 % Price / Earnings : 9.1 x 34.22 / 3.76 = IBM - U.S.A. DOW JONES 30 Computer Hardware MARGIN OF SAFETY : 120.73 % Long Term Growth : 8.10 % Price / Earnings : 11.2 x 102.82 / 9.19 = Dell - U.S.A. Nasdaq 100 Computer Hardware MARGIN OF SAFETY : 102.15 % Long Term Growth : 6.18 % Price / Earnings : 10.3 x 10.83 / 1.05 = Apple - U.S.A. Nasdaq 100 Computer Hardware MARGIN OF SAFETY : 71.13 % Long Term Growth : 15.17 % Price / Earnings : 22.7 x 124.18 / 5.47 = TOSHIBA - Tokyo Nikkei 225 Computer Hardware MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : -12.3 x 338 / -27.51 = NEC - Tokyo Nikkei 225 Computer Hardware MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : na x 372 / 0.00 = FUJITSU - Tokyo Nikkei 225 Computer Hardware MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : 51.0 x 493 / 9.67 = Bull - France Mid&Small 190 Computer Hardware MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : 19.5 x 2.14 / 0.11 = Sun Microsystems - U.S.A. Nasdaq 100 Computer Hardware MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : -22.0 x 9.02 / -0.41 = Teradata - U.S.A. SP 500 Computer Hardware MARGIN OF SAFETY : 0.00 % Long Term Growth : 0.00 % Price / Earnings : 17.7 x 20.92 / 1.18 =