Good buy? Seems to be c14% off WEBs average price…

Declining revenue, cyclical earnings, and trading at 30 times 5 year average earnings of 900m dollars. (Taken into account due to cyclical nature)

They are buying back shares I guess.

I’d much rather have Google.

What am I missing?

0.9 dollars per share, not 900m :face_with_hand_over_mouth:

What am I missing?

I think Mr B sees it mainly as a bond proxy.
Better than cash, perhaps like the sogo shosha slate.
A positive real return is better than a negative real return.

But that doesn’t necessarily make it a compelling pick suitable for the average Joe.



Ive been looking at the wrong numbers, Scrub what I said. I get it now. Market cap of HPQ and then earnings of HPE by mistake.