A long position in Hewlett-Packard looked like a hot trade but all it did was burn Stephen Weiss. So what does he think of the stock now?
Weiss made the fateful call on February 15th as a bet that earnings released by rival Dell could be extrapolated to mean positive things for H-P.
”There are overlapping businesses,” Weiss argued at the time. “And Hewlett seems to have more momentum. Also, they have more mobility products.”
In all fairness, Weiss did sound a cautionary note about the management team.
”I don't own it because I have questions about the transition, but it's definitely a cheap stock and seems to be working out.”
The caveat aside, Weiss was largely bullish on a stock that’s down about 14% since he made the call.
So what does he have to say now. Find out in this web extra!