Bullish on HP's Future Following Strong Earnings

5/21 - "Looking through the release, I see quite a few things to like about the H-P story...Revenues increased 11% to $28.3 billion. This increase was aided by international sales and the weak dollar...the adjusted operating margin increased 100 basis points to 10%. Cash generated from operations was $4.8 billion during the quarter, which the release categorized as a record statistic."

"Honestly, it seems like H-P is managing itself very skillfully, leveraging its various brands in the PC sector to great effect. Guidance calls for adjusted earnings of $3.54 and $3.58. This means that, in my opinion, H-P's stock isn't too expensive. It's also trading away from the 52-week high, which is another positive."

"So, H-P seems to be thriving, and it seems to be on the right track with its latest strategic acquisition. There's no question that this is a blue-chip operation that is bringing in a ton of cash and is well-positioned for long-term growth. I think the guidance is fine, and I easily call myself bullish on H-P's future."